The Texas Legislature is considering raising their penalties for oil and gas violations from $10,000 per day to $200,000. New Mexico's HB286 would raise the daily maximum penalty from $1000 to $10,000. I dislike Texas comparisons as much as the next New Mexican, but come on. That makes a fine of $1000 per day for violators that pollute land and water a new new low.
HB286 is scheduled to be heard by the House Judiciary Committee this morning.