Oil and gas producer to pay millions to US and New Mexico to remedy pollution concerns
- Apache Corporation, a Texas company, has reached a multimillion-dollar settlement with the federal government and the state of New Mexico to address air pollution concerns in the largest oil and gas producing region in the United States.
- The settlement requires Apache to pay $4 million in penalties and invest over $5 million in preventative measures to reduce emissions at its wells in the Permian Basin.
- Compliance with the agreement is estimated to result in annual reductions of 900 tons of methane and over 9,650 tons of volatile organic compounds, contributing to smog reduction.
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