New Mexico Representative wants government to okay well shut-ins

“Increased supply combined with a dramatic cut in demand due to COVID-19 has caused the price of oil to plummet,” Torres Small said. “The consequences have been devastating for local economies across southeastern New Mexico. Providing oil and gas operators the flexibility to temporarily shut in their wells will help meet needs where current guidance falls short.”

“I’m calling on Secretary Bernhardt to follow New Mexico’s example and take swift action to implement this policy that will benefit oil and gas workers, the environment, and the economy.”

Source: Carlsbad Current Argus

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