Within his first week in office, Biden signed an executive order to temporarily suspend new oil and gas leases on public lands and offshore waters for drilling and fracking for 60 days.
“I’m clearly concerned that right out of the gate with very little guidance, we have an announcement to stall … a moratorium on lease applications, and the reality is: a lot of oil and gas … in the Permian [Basin] is on private land in Texas,” she said during a Wednesday event with the Albuquerque Chamber of Commerce.
The Delaware Basin is one component of the Permian Basin — the largest oil basin in the U.S. — located partially in the southeastern area of New Mexico.
More than 60% of New Mexico’s oil and gas production is on federal land while 55% of state wells are located on federal land, according to the New Mexico Energy, Minerals and Natural Resources Department (EMNRD).
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