New Mexico State Land Office finalizes increased bonding requirements for oil and gas operators

By: Patrick Lohmann

Outlets: Source New Mexico

Published: September 28, 2026

Words: 586

Last Updated: 2 weeks, 3 days ago

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The New Mexico State Land Office on Monday announced that it had finalized higher bonding requirements for oil and gas companies that lease state Trust lands.

The rule goes into effect Monday, marking the end of a months-long process aimed at ensuring New Mexico taxpayers and the beneficiaries of state Trust lands do not bear the cost of oil and gas contamination or wastewater spills.

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