The Associated Press
Updated: January 23, 2021 09:36 AM
Created: January 23, 2021 09:24 AM
ALBUQUERQUE, N.M. (AP) — President Joe Biden‘s 60-day moratorium on new oil and natural gas leases and drilling permits is prompting widespread concerns in New Mexico, where spending on education and other government programs hinges on the industry’s success.
About half of production in the state happens on federal land and amounts to hundreds of millions of dollars in royalties each year.