Bill > HB366

This bill amends existing New Mexico law to clarify that the state holds exclusive jurisdiction and authority over all aspects of oil and gas, including conservation, extraction, production, processing, storage, and transportation, and that the Oil Conservation Division and the Oil Conservation Commission have concurrent and exclusive jurisdiction over these matters. This means that the state government, through these agencies, has the ultimate authority to regulate these activities, including the placement of oil and gas wells and related facilities, and the drilling and operation of wells. The bill also explicitly states that this state authority extends to enforcing the Oil and Gas Act and any other state laws related to these activities, as well as preventing waste of potash that might occur as a byproduct of oil or gas operations. The changes aim to consolidate and confirm the state's broad powers in overseeing the oil and gas industry within its borders.