ConocoPhillips announced in March that it would suspend new drilling in the San Juan Basin because of the price of natural gas. While the economy has
ConocoPhillips announced in March that it would suspend new drilling in the San Juan Basin because of the price of natural gas. While the economy has improved in much of the country, that's not the case in New Mexico, said the state's cabinet secretary of the Department of Finance and Administration, Tom Clifford. Clifford took a cautionary tone when discussing the oil industry as he briefed the Legislature's interim committee on revenue and tax policy. (Daily Times file photo)