N.M. Stat. Ann. § 71-9A-3
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.
History: Laws 2025, ch. 44, § 3.
Effective dates. — Laws 2025, ch. 44, § 5 made Laws 2025, ch. 44, § 3 effective July 1, 2025.