NATURAL GAS CAPTURE REQUIREMENTS

HB 258 requires oil and gas operators in New Mexico to capture at least 98% of natural gas produced or gathered by their facilities starting January 1, 2027, directly affecting operators of oil/gas wells and natural gas gathering systems. The bill allows exceptions for gas released during emergencies, beneficially used by operators, or vented due to specific operational needs (like nitrogen/hydrogen sulfide impurities or exploratory wells). Operators must meet this capture rate annually, with the state division creating implementing rules. The bill was referred to committees and passed amendments but was postponed indefinitely on June 3, 2025.