Thank you to everyone who showed up in support of State Land Office (SLO) proposed amendments to strengthen financial assurance requirements for oil and gas operators yesterday and this morning. As we noted in our opening statement: New Mexico is facing an orphan well crisis of staggering proportions, and it did not happen by accident. It is the predictable result of an oil and gas business model that allows major operators to extract enormous profits during the productive li

Ahead of tomorrow’s hearing on the State Land Office proposal to strengthen bonding requirements for oil and gas operators on state lands, New Energy Economy today released a major new report warning that New Mexico taxpayers will face billions of dollars in oil and gas cleanup liabilities unless state regulators act now to strengthen bonding and financial assurance requirements for oil and gas operators. This proposed rule is critical because abandoned oil and gas wells can

Today we have the chance to take proactive action for good regulation! We can hold the oil and gas industry in New Mexico accountable for properly plugging and remediating thousands of oil and gas wells drilled on state land across New Mexico. In April the State Land Office proposed a new rule to strengthen bonding requirements for oil and gas development on state lands. Two public comment hearings will be held next week on May 27th and 28th at 9:00AM at the State Land Office

On October 20th the Oil Conservation Commission will begin a hearing on new regulations in Case No. 24683 brought by Western Environmental Law Center and allies to try to prevent the abandonment of oil and gas wells in New Mexico. New Energy Economy has intervened to support the applicants and advocate for even stronger regulations necessary to address the impending orphan well crisis that could cost New Mexico billions. The Impending Orphan Well Crisis Could End up Costing