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Fracking ban on federal land would crush N.M. drillers

Presidential candidate Joe Biden's proposal to ban new hydraulic fracturing on federal land could devastate New Mexico's oil and natural gas industry and economy, as state and federal lands accounted for about 90% all 2019 production on New Mexico's side of the Permian Basin, according to the New Mexico Oil & Gas Association. Moreover, oil and gas funds 39% of the state's budget, NMOGA said, and a recent analysis from the American Petroleum Institute suggests about 62,000 jobs could be lost in New Mexico alone if a ban was imposed.

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