Herrell Writes Lujan Grisham on Biden Leasing Ban
Congresswoman Herrell warns a long-term leasing ban would be catastrophic for New Mexico.
Alamogordo, N.M. — Congresswoman Yvette Herrell (R-N.M.) wrote to New Mexico Governor Michelle Lujan Grisham today regarding the Biden administration's suspension of new oil and gas leases on federal land.
"The oil and gas industry is the lifeblood of our state's economy," Herrell wrote. "If banned today, New Mexico stands to lose more than 60,000 jobs by 2022. The loss of these good-paying, family supporting jobs would devastate entire communities and have grave long-term consequences for our state."
Royalty payments and taxes on the oil and gas industry account for more than a third of the state's annual budget. The state's K-12 public education system alone received more than $1 billion in funding from the oil and gas industry last year, which equates to $60,062 per teacher and $3,788 per student.
"While other members of our congressional delegation have been reluctant to speak out against the president's action, I hope you will join me in urging President Biden to reconsider any moratorium on new oil and gas leases in New Mexico," Herrell concluded.
The full text of the letter can be found HERE.