Hearing Delayed, Richardson's Pit Rule Under Fire

Bill Richardson

A controversial requirement known as the “Pit Rule,” which was instituted during the administration of former Governor Bill Richardson, has come under fire by state regulators. Opponents claim the rule was instituted to line the pockets of Richardson cronies by mandating completely unnecessary and costly processes on energy producing activities. Proponents say the rule is good for the environment.
Late last week the Oil Conservation Commission decided to delay a public hearing that will attempt to reform the so-called “Pit Rule.” Originally, the hearing was set to begin January 23rd. The postponement will accommodate all parties in support of and in opposition to reforming the rule and provide them more time to prepare presentations. The new hearing date has not been established.

Hearing Delayed, Richardson's Pit Rule Under Fire