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Joe Biden proposes $300M to plug oil wells. What is New Mexico doing?

President Joe Biden signaled a desire to join New Mexico’s political leaders in cleaning up abandoned oil and gas wells throughout the State and nation through appropriations in the Fiscal Year 2022 Budget Request released last week.

The budget increased funding at the Department of the Interior by about $2.5 billion for a total of $17.6 billion, including funds to address environmental issues and reform management of public lands.

Of that spending, $300 million in the proposal was earmarked to support jobs cleaning up orphan wells left unused by operators along with abandoned mines and decommissioning offshore oil and gas infrastructure.

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