New Mexico, home to the most prized portion of the Permian Basin shale formation, became the latest state to impose stricter rules to combat the flaring and venting of natural gas.
The three-member New Mexico Oil Conservation Commission voted unanimously on Thursday for rules that are set to go into effect as early as May. Oil companies, gas processing plants and pipeline operators will have until 2026 to get their gas emissions down to 2% of production. The energy industry accounts for 53% of the state’s greenhouse gas emissions.
