Bill > HB258

This bill introduces new natural gas capture requirements for operators of oil, gas, or natural gas gathering facilities in New Mexico. Starting January 1, 2027, operators will be required to capture at least 98% of the natural gas produced or gathered by their facilities in a calendar year. The bill provides several exceptions to this capture requirement, including natural gas released during emergencies, gas beneficially used by the operator, gas with high concentrations of nitrogen or other gases that make it unsuitable for transportation, gas vented from normal pneumatic controller operations, and gas vented or flared from exploratory wells. The New Mexico division responsible for oil and gas regulation is required to develop specific rules to implement these requirements. The bill defines an "operator" as a person authorized to construct, manage, or operate oil or gas wells, associated facilities, or natural gas gathering systems. This legislation aims to reduce natural gas waste and improve efficiency in the state's oil and gas industry by mandating high capture rates while providing reasonable exceptions for practical operational considerations.

Agriculture and Natural Resources

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=258&year=25