Oil, gas, potash deal made in New Mexico

Dec. 5, 2012 at 8:40 AM

ALBUQUERQUE, Dec. 5 (UPI) -- The U.S. Interior Department issued an order to develop oil, natural gas and potash resources in a 500,000-acre site in New Mexico.

The parcel produces 75 percent of the potash mined in the United States. It also contains 800 federal oil and natural gas leases. The potash lies above oil and natural gas wells in an area governed by the U.S. Bureau of Land Management.

An order issued by Interior Secretary Ken Salazar calls for the development of technologies like horizontal drilling to produce oil and natural gas without disturbing the surface.

Salazar last January met with leaders from the energy and potash communities to develop a draft framework for his proposal. Salazar said the measure could end years of debate over development of the federal area. The potash industry had said oil and gas interests would interfere with its operations.

"This comprehensive strategy will allow us to move beyond years of disagreement and litigation between the energy and potash industries and provides a balanced approach that will strengthen New Mexico's economy," Salazar said in a statement.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Topics: Ken Salazar
Latest Headlines
Top Stories
Reddit CEO Ellen Pao apologizes for firing scandal
Report: Brazil's Petrobras wading dark waters
Baker Hughes wins Johan Sverdrup contract
Iran envisions post-sanctions oil era
Eni starts production at giant Venezuelan gas field