New Mexico 2025 Regular Session

New Mexico House Bill HB481 Compare Versions

Only one version of the bill is available at this time.

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28	28	HOUSE BILL 481
29	29	57
30	30	TH LEGISLATURE
31	31	-
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33	33	STATE
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35	35	OF
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37	37	NEW
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39	39	MEXICO
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41	41	-
42	42	FIRST SESSION
43	43	,
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45	45	2025
46	46	INTRODUCED BY
47	47	Matthew McQueen
48	48	AN ACT
49	49	RELATING TO NATURAL RESOURCES; PROVIDING THAT OWNERS, OPERATORS
50	50	OR LESSEES WITH A CURRENT OR PRIOR INTEREST OR CONTROL OF AN
51	51	OIL OR GAS WELL, FACILITY, PIT OR INSTALLATION OF IMMOBILE
52	52	SURFACE EQUIPMENT SHALL BE RESPONSIBLE FOR REIMBURSING THE OIL
53	53	CONSERVATION DIVISION OF THE ENERGY, MINERALS AND NATURAL
54	54	RESOURCES DEPARTMENT FOR PLUGGING AND ABANDONMENT COSTS AND
55	55	OTHER ASSOCIATED COSTS.
56	56	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
57	57	SECTION 1. A new section of the Oil and Gas Act is
58	58	enacted to read:
59	59	"[NEW MATERIAL] PLUGGING AND ABANDONMENT OF WELLS--
60	60	RESPONSIBILITY.--
61	61	A. An owner, operator or lessee with a current
62	62	interest or control and an owner, operator or lessee with a
63	63	.230000.2 underscored material = new
64	64	[bracketed material] = delete
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90	90	prior interest or control that occurs contemporaneously with
91	91	oil or gas exploration, development or production of a well,
92	92	facility, pit or installation of immobile surface equipment
93	93	shall be responsible for reimbursing the division for all
94	94	associated costs incurred by the division for the:
95	95	(1) plugging and abandonment of oil and gas
96	96	production or salt water disposal wells;
97	97	(2) deconstruction, removal and disposal of
98	98	associated production, operation, surface and facility
99	99	equipment, including flow lines;
100	100	(3) remediation of any environmental
101	101	contamination reasonably associated with the oil and gas
102	102	exploration, development or production; and
103	103	(4) restoration and revegetation of impacted
104	104	areas.
105	105	B. Owners, operators and lessees with an interest
106	106	or control in an oil or gas well, facility, pit or installation
107	107	may contractually allocate responsibility between otherwise
108	108	responsible parties pursuant to a contract, lease or instrument
109	109	of transfer; provided that any such agreement shall not bind
110	110	the division or require the division to seek recovery from any
111	111	particular responsible party or from a responsible party in any
112	112	particular order."
113	113	SECTION 2. APPLICABILITY.--The provisions of this act
114	114	apply to owners, operators and lessees with an interest or
115	115	.230000.2
116	116	- 2 - underscored material = new
117	117	[bracketed material] = delete
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143	143	control in an oil or gas well, facility, pit or installation
144	144	beginning on or after July 1, 2025.
145	145	- 3 -
146	146	.230000.2