This form is used when any party electing not to participate in an exploratory well after the exploratory well has been drilled, relinquish and assign to the Drilling Party or Parties one hundred percent (100%) of its rights, title and interests in the Drilling Unit and the eight (8) Drilling Units directly and diagonally offsetting the Drilling Unit on which the well was drilled.
New Mexico Relinquishment Provision - Exploratory Well
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Multi-State
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US-OG-717
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Word;
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FAQ
California's Landfill Methane Regulation (LMR) requires municipal solid waste landfills to reduce methane and other air pollutant emissions through emissions monitoring and through capturing fugitive methane.
19.15. 27 NMAC focuses on the oil and gas production and 19.15. 28 NMAC targets gas gathering and processing in New Mexico. Venting or flaring of natural gas is generally prohibited, and operators have a duty to maximise the recovery of natural gas and minimise waste.
In May 2021, New Mexico's Energy, Minerals and Natural Resources Department, or EMNRD, adopted new rules that prohibit routine flaring and venting and require operators to achieve a 98 percent gas capture rate by 2026.
19.15. 27 NMAC focuses on the oil and gas production and 19.15. 28 NMAC targets gas gathering and processing in New Mexico. Venting or flaring of natural gas is generally prohibited, and operators have a duty to maximise the recovery of natural gas and minimise waste.
Guidance for venting and flaring regulations is found under Chapter 15, Title 19, Subsection 18: Production Operating Practices. These rules state that an operator shall not flare or vent casinghead gas produced from a well after 60 days following the completion of a well.
Finally, in November 2022, the BLM published a proposed waste prevention rule designed to prevent methane waste and loss of natural gas at oil and gas lease sites on public lands. The Biden administration likely aims to finalize these rules before the 2023 UN Climate Change Conference (COP28) begins on November 30.
The proposed rule would establish new requirements designed to reduce methane waste and ensure that when natural gas is lost at oil and gas lease sites, the US public and tribal mineral owners are compensated through royalty payments.
The order set a goal of reducing New Mexico's greenhouse gas emissions by 45 percent from 2005 levels by 2030 and charged state agencies with developing a plan to reduce methane emissions. EMNRD's Oil Conservation Division updated its gas capture regulations in 2021, prohibiting both routine flaring and venting.
