Thursday, April 16, 2009

Report: Otero Mesa Drilling Not Worth the Effort

By TIM KORTE , 04.15.09, 05:43 PM EDT

"A Montana-based research group that studies Western land issues has concluded oil and natural gas development on southern New Mexico's Otero Mesa would offer limited jobs and revenue, even at peak production.

Not surprisingly, the report from Headwaters ( HW - news - people ) Economics was hailed by New Mexico environmentalists after its release last week.

"It's interesting that an outside group would agree with what conservationists have been saying for the last eight years. Otero Mesa is worth more protected than drilled," New Mexico Wilderness Alliance associate director Nathan Newcomer said.

However, federal land managers and a representative of New Mexico's oil and gas industry questioned most of the report's findings." More>>>>

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