• By The Financial District

Banning Oil Drilling In New Mexico Has Minimal Impact On Energy Output

The US Interior Department’s plan to withdraw hundreds of square miles in New Mexico from oil and gas production for the next 20 years is expected to result in only a few dozen wells not being drilled on federal land surrounding Chaco Culture National Historical Park, according to an environmental assessment, Susan Montoya Bryan reported for the Associated Press (AP).


Photo Insert: Chaco Culture National Historical Park



Land managers have scheduled two public meetings next week to take comments on the assessment made public Thursday.


The withdrawal plan was first outlined by Interior Secretary Deb Haaland in 2021 in response to the concerns of Native American tribes in New Mexico and Arizona that development was going unchecked across a wide swath of northwestern New Mexico and that tribal officials did not have a seat at the table.



In addition to the proposed withdrawal, Haaland — who is from Laguna Pueblo and is the first Native American to lead a Cabinet agency — also committed to taking a broader look at how federal land across the region can be better managed while taking into account environmental effects and cultural preservation.


Indigenous leaders and environmental groups reiterated this week that the broader look would be a more meaningful step toward permanent protections for cultural resources in the San Juan Basin.


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The environmental assessment bolsters that argument since it notes that the proposed withdrawal would not affect existing leases and that much of the interest by the industry for future development already is under lease or falls outside the boundary of what would be withdrawn.


The Bureau of Land Management has estimated, based on 2018 data, that not quite 100 new oil and gas wells likely would be drilled over the next 20 years within the withdrawal area.


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It’s estimated that less than half of those likely would not be drilled if the withdrawal were approved. With only a few dozen wells expected in the area, natural gas production for the area would decrease by half of 1% and oil production could see a 2.5% reduction.



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