The energy, minerals and natural resources department may authorize the conversion of an oil or gas well into a facility that provides or supports energy storage or geothermal energy development. When authorizing such a conversion, the department may establish fees and financial assurance requirements specific to the energy storage or geothermal development uses.
§ 71-9A-3 NMSA 1978
Authorization of oil or gas well conversion; energy storage; geothermal energy development
Known as the Well Repurposing Act
The act spans §§ 71–71 (4 sections).
Laws 2025, ch. 44, § 3.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.