The energy industry must comply with extensive federal and state rules and regulations. An error or oversight can lead to legal action and potential harm to a company's reputation. Bradfute Sayer is here to provide trainings and can offer insight and advice on compliance with agency rules and regulations.
Regulatory Compliance in New Mexico
Laws regulating the energy industry are multi-layered and complex. Two levels of regulatory compliance typically exist: (1) the state level; and (2) the federal level. At the State level, state agencies regulate numerous aspects of energy operations, including permitting, well spacing & location, produced water management, air permitting & gas capture, and more. At the federal level, federal agencies are regulating issues related to the regulation of methane and greenhouse gas emissions, development on public lands, the protection of endangered species, and more.
Bradfute Sayer provides many services to help with regulatory compliance, like:
- Counseling clients on the application of regulatory law to their businesses and projects;
- Assisting clients with related compliance, audit, and enforcement matters; and
- Providing compliance trainings and courses.
Failure to Comply with Energy Laws and Regulations
Failure to comply with laws, regulations, and sometimes policies can lead to civil enforcement action demands from agencies. Sometimes administrative agencies may threaten civil and criminal penalties. If criminal action is taken, a conviction can lead to fines and in severe cases incarceration or restitution. If civil action is taken, a loss can lead to loss of production, steep fines, and reputational harm. The extent of any penalty depends on the situation.
It is always best to comply with the law and remain proactive about compliance. Bradfute Sayer recognizes that energy laws, regulations, and policies frequently change. The firm can help your staff stay informed.
Set Up a Consultation
Bradfute Sayer can offer advice on specific compliance questions or provide proactive compliance trainings to help your team better understand certain rules and regulations. Contact us today at (505) 264-8740 or (307) 365-1814 to schedule a consultation.
