New Mexico adopts rule as oil industry touts fiscal impact
(WorldNews Mexico)

ALBUQUERQUE, N.M. (AP) - New Mexico regulators on Thursday adopted a new rule aimed at oil and natural gas companies as the industry touted the more than $3 billion that was pumped into the state`s general fund coffers through taxes and revenues during the last fiscal year. With the change, the state Oil Conservation Division will be able to assess civil penalties for violating state laws. State officials and environmentalists say that will allow for better regulation of the booming industry. The division previously had issued only three penalties...