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Vol. 4, No. 3 Week of March 28, 1999
Providing coverage of Alaska and northern Canada's oil and gas industry


New Mexico’s governor signs oil incentive bill

Measure designed to help producers weather slump in crude prices; it expands existing tax incentives for restoring inactive wells to production

The Associated Press

New Mexico Gov. Gary Johnson has signed a bill providing a tax break for the struggling oil and gas industry. “American consumers can now buy gasoline at bargain-basement rates. But they will pay for it in the future if we allow cheap imported oil to destroy our domestic oil and gas production,” Jo....

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Three other bills pending

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