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New Mexico lawmakers seek more data on limiting drilling near homes and schools

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2 years ago

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New Mexico lawmakers seek more data on limiting drilling near homes and schools


In the last legislative session, no reforms were made to oil and gas regulations despite bills to impose fines for oil spills, limit fresh water use and create buffers around schools. Looking forward to next year’s session, the Legislative Finance Committee met in oil-rich southeastern New Mexico Tuesday to discuss reintroducing one of those failed proposals — setbacks for wells.

Setbacks would prohibit oil and gas drilling within a certain distance of homes, highways, schools and surface waters.

Republican Senator William Sharer questioned the effectiveness of such a buffer, arguing more data is needed.

“If we’re going to setback, how far do you have to set it back for it to make an actual difference? 100 yards, 100 miles, 1000 miles?” he said.

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Republican Representative Cathrynn Brown echoed those concerns, she said the committee needed more information about the health impacts of emissions before moving forward.

“I think we all want to live healthy. There’s no debate about that. But what I see here is a true lack of science,” she said.

Democratic Senator George Muñoz, chair of the interim committee, criticized the state Environment Department for not attending the meeting to share its expertise with the panel. While the department was absent due to scheduling conflicts, according to Muñoz, he said the committee could use its subpoena power to compel it to testify in the future.

“If we need to get to the truth and really need to resolve some issues, we’ll get there,” he said.

Reached for comment, spokesperson for the Environment Department Jorge Estrada declined to comment on what was said in the meeting since department officials weren’t there. He added that, although the agency regulates oil and gas emissions, it does not have authority to establish or enforce setbacks.

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Support for this coverage comes from the Thornburg Foundation.





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New Mexico

New Mexico spoils Nevada’s Senior Day as Lobos leave Reno with 63-56 win

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8 hours ago

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March 1, 2026

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New Mexico spoils Nevada’s Senior Day as Lobos leave Reno with 63-56 win


The Nevada women’s basketball team dropped its final home contest of the 2025-26 season on Saturday with New Mexico spoiling Senior Day and pushing past the Wolf Pack for a 63-56 win.

The Wolf Pack led 36-34 at halftime behind a hot-shooting start. Skylar Durley, Imbie Jones and Ahrray Young each had six points as Nevada shot 14-of-25 from the field (56%). But things cooled off in the second half, with the Lobos outscoring the Wolf Pack 19-13 in the third quarter to take a four-point lead into the fourth. Nevada’s shooting woes only worsened in the final period when it made just three field goals, including none in the final four minutes.

Durley led Nevada with 16 points and six rebounds. Young finished with 10 points, three rebounds and three assists. The Wolf Pack made just one three-pointer out of its nine attempts.

The loss drops Nevada to 9-20 overall, 5-14 within the Mountain West Conference. The Wolf Pack now heads to Utah State for Tuesday’s regular-season finale before opening the Mountain West Tournament play next Saturday in Las Vegas.

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Watch our coverage of the game below.

Highlights and reaction from Nevada’s loss to New Mexico.



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New Mexico

San Diego State vs New Mexico Prediction, Picks & Odds for Today’s College Basketball Game

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20 hours ago

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February 28, 2026

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San Diego State vs New Mexico Prediction, Picks & Odds for Today’s College Basketball Game


Expect the offenses to shine when SDSU visits New Mexico in The Pit today, per our college basketball betting picks.

Feb 28, 2026 • 10:23 ET

• 4 min read

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New Mexico

Public Service Company of New Mexico Declares Preferred Dividend

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1 day ago

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February 28, 2026

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Public Service Company of New Mexico Declares Preferred Dividend


ALBUQUERQUE, N.M., Feb. 27, 2026 /PRNewswire/ — The Board of Directors of Public Service Company of New Mexico, a subsidiary of TXNM Energy (NYSE: TXNM), declared the regular quarterly dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock. The preferred stock dividend is payable April 15, 2026, to shareholders of record at the close of business March 31, 2026.

Background:
TXNM Energy (NYSE: TXNM), an energy holding company based in Albuquerque, New Mexico, delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. For more information, visit the company’s website at www.TXNMEnergy.com.

CONTACTS:
Analysts
Lisa Goodman
(505) 241-2160

Media
Corporate Communications
(505) 241-2743 

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SOURCE TXNM Energy, Inc.



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