In recent years, New Mexico's oil and gas industry has made progress in becoming more environmentally friendly. As a leading producer of oil and natural gas, the state faces the challenge of balancing economic growth with environmental responsibility.
Senator Pete Campos expressed pride in the industry's efforts to reduce its environmental impact while contributing to the state's economy. He noted that "through stringent regulations and innovative practices," significant achievements have been made, particularly in reducing methane emissions.
New Mexico has implemented rigorous methane regulations, requiring operators to capture 98% of gas at well sites by 2026. This initiative aims to prevent methane from entering the atmosphere and contributing to climate change.
The industry is also adopting new technologies for environmental protection. These include advanced monitoring systems, improved leak detection and repair protocols, and cleaner-burning equipment.
Water management remains a critical focus area. Efforts are being made to conserve fresh water through reuse and recycling measures. Collaboration among industry players, government agencies, and environmental organizations is key to developing solutions that benefit all New Mexicans.
Senator Campos emphasized that these efforts not only protect the environment but also enhance economic sustainability by reducing waste and increasing profitability. The contributions of the oil and gas sector have supported economic growth while paving the way for an energy transition.
Looking ahead, Senator Campos is confident that New Mexico's oil and gas industry will continue leading in environmental responsibility through innovation, collaboration, and sustainability efforts.