You are here: HomeNewsLocal News ReleasesModernization of Oil and Gas Act Heads to House Floor

Modernization of Oil and Gas Act Heads to House Floor

Santa Fe, NM – Today House Bill 286, the “Oil & Gas Financial Assurance” act, sponsored by Representative Gail Chasey (D-Bernalillo-18), received a “Do Pass” from the House Judiciary Committee, which Rep. Chasey is Chairwoman of, with a vote of 9 to 7. HB 286 will now head to the House floor after clearing its second committee, having previously passed the House Energy and Natural Resources Committee with a 6 to 5 party line vote.
If passed by the legislature, HB 286 would update the penalties for violations of the Oil and Gas Act for the first time since 1935. Under the Water Quality Act, water pollution violations are penalized with a maximum fine of $10,000, yet the maximum penalty allowed by the Oil and Gas Act is $1,000. By modernizing the penalty structure for violations of the Oil and Gas Act, proponents of HB 286 hope to curb water pollution generated by the oil and gas industry.
These common sense safeguards are in place to protect New Mexico’s most valuable resource, water, from oil and gas contamination generated by drilling.
“What the bill recognizes is that only bad actors should be held accountable for their bad actions. Most of the industry follows the statutes that protect our groundwater,” Representative Chasey said. “We’ve addressed concerns from the industry and look forward to working with them in the future on what may need to be done on financial assurance.”

Join GCB Three Times Weekly Updates

Welcome to Three Times Weekly Updates! You will be subscribed to email notifications with links to recently posted articles.
You can unsubscribe anytime. We never share or rent your email to anyone.

Fire Alerts

Editor's Note

Twice lately, someone has used one of MY photos, TAKEN by ME, without attribution or payment to me or the Beat. Remember that ALL PHOTOS ON THE SITE ARE COPYRIGHTED BY THE PHOTOGRAPHER. All content is also automatically copyrighted to the creator, when it is posted. 

For all you non-profits out there who hold regular fundraisers and want to thank your supporters, the Beat has a new flat rate of $20 plus GRT for Thank You Ads, which are posted under Community. Thanks for supporting the Beat.

The Beat is very pleased and excited to announce that it has an intern, Alexis Rico, who is studying journalism at New Mexico State University. Please welcome her. We will be experimenting together on some new ways to provide the news to you. We look forward to your comments to This email address is being protected from spambots. You need JavaScript enabled to view it. .

Thanks for being a Beat reader!

The Beat thanks all of you who have become friends of the Beat by sponsoring pages.

We have added a new category under Sponsors on the menu—Local businesses. You and your business can benefit from the exposure by contacting the Beat at This email address is being protected from spambots. You need JavaScript enabled to view it. . Someone will contact you for an interview and to take photos. The cost for the sponsorship is $100, and you can continue the relationship by advertising your business for a longer term. The longer the term, the better the discount you receive.

The Beat is now posting legal notices for area governmental agencies. Check under the menu item Community to find Legals for what's happening in the area in the way of meetings and other legal notices.

You may have noticed a blue button on the upper left side of most pages. It says Sponsor GCBTo help defray ever-increasing costs of the Beat and to prevent the requirement for paid subscriptions, the Beat is asking you to choose an amount you want to pay on a one-time or regular basis to SPONSOR a page or feature that you rely on. 

If you subscribe to the Join GCB Three Times Weekly Updates option on the left side of this page, you will be subscribed to email notifications with links to recently posted articles.

Comics are now available. As the editor, I chose my favorites first--B.C. and Wizard of Id. The Beat is seeking sponsors for these comics and for your favorites, too. Contact This email address is being protected from spambots. You need JavaScript enabled to view it.  for rates. 

Check Out Classifieds.

It's really easy to check to see if there's a classified ad. Just click on Classifieds in the blue menu and the page will open letting you know if there is a classified ad. Remember that your buying classified ads gives you a wide readership, as well as supporting the Beat.

Post YOURS for quick results!

Consider the Beat your DAILY newspaper for up-to-date information about Grant County. It's at your fingertips! One Click to Local News.

Thanks for your support for and your readership of Grant County's online news source—www.grantcountybeat.com.

Go to top