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Let's talk oil and gas and the budget

Oil and gas money is all over the New Mexico Roundhouse. It accounts for 35% of the state budget proposal this year and is in the campaign coffers of politicians on both sides of the aisle. It’s within this landscape that debates around expanding or restricting fossil fuel production take place.
Nash Jones
/
KUNM
Oil and gas money is all over the New Mexico Roundhouse. It accounts for 35% of the state budget proposal this year and is in the campaign coffers of politicians on both sides of the aisle. It’s within this landscape that debates around expanding or restricting fossil fuel production take place.

Let’s Talk New Mexico, January 25, 8a: New Mexico is once again seeing record revenues as lawmakers meet in Santa Fe to create a budget. That’s in large part due to booming oil and gas production. The state is the second-largest oil producer in the country and among the top 10 in natural gas production. But a number of bills in the legislative session would make big changes if they pass. That includes updates to the Oil and Gas Act, such as setbacks for new wells from homes, schools, hospitals, and parks, increased bonding fees so the state isn’t stuck with abandoned wells, and increased civil penalties for major violations.

On the next Let’s Talk New Mexico, we’ll hear from advocates, industry leaders, and a journalist who covers the industry and we want to hear from you. What do you want to see lawmakers do in this session around oil and gas? How can New Mexico diversify its economy so it’s not so reliant on oil and gas? How do we ensure people still have jobs to support their families if we transition away from fossil fuel production? Leave us a brief comment at the link below, email LetsTalk@kunm.org, or call in on Thursday morning at 505-277-5866.

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Megan has been a journalist for 25 years and worked at business weeklies in San Antonio, New Orleans and Albuquerque. She first came to KUNM as a phone volunteer on the pledge drive in 2005. That led to volunteering on Women’s Focus, Weekend Edition and the Global Music Show. She was then hired as Morning Edition host in 2015, then the All Things Considered host in 2018. Megan was hired as News Director in 2021.