Bill > SB221

This bill creates a new crime called "misappropriation of a petroleum product or oil and gas equipment," which involves unlawfully taking or controlling oil and gas products or equipment, transporting petroleum products without a clear owner, buying them from unauthorized sellers, or using unauthorized methods for financial gain. The severity of the crime, and thus the penalties, depends on the value of the stolen items, ranging from a fourth-degree felony for items valued at $500 or less to a second-degree felony for items valued over $2,500. The bill also allows for aggregated charges if multiple instances of misappropriation occur within a six-month period, and it adds this new crime to the list of offenses that constitute "racketeering," which is a broader criminal activity involving a pattern of illegal acts. "Petroleum product" is defined broadly to include crude oil, natural gas, and their derivatives, while "oil and gas equipment" encompasses a wide range of machinery and materials used in the oil and gas industry.

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=221&year=26