Albuquerque, NM, October 12, 2025

The Hispano Chamber of Commerce has endorsed the $4 billion acquisition of New Mexico Gas Co. by Bernhardt Production. This deal aims to deliver reliable energy and create jobs for Hispanic-owned businesses, enhancing the state’s energy infrastructure and supporting economic growth. The proposed upgrades address operational challenges and promise to stabilize costs for local manufacturers. With regulatory approval pending, local communities expect job opportunities and a more resilient energy supply during the transition to sustainable sources.

New Mexico Gas Co. Acquisition Endorsed by Hispano Chamber

Albuquerque, NM – The Hispano Chamber of Commerce has endorsed Bernhardt Production’s proposed $4 billion acquisition of New Mexico Gas Co., highlighting its potential to deliver reliable energy and create jobs for Hispanic-owned businesses across the state.

This endorsement comes as a significant boost to the deal, which aims to enhance energy infrastructure and support economic growth in New Mexico. The acquisition promises upgrades to aging pipelines and distribution networks, which could lower operational costs for manufacturers in Albuquerque and other key areas. Reliable energy supply is seen as crucial for businesses navigating the ongoing shift to sustainable energy sources.

The $4 billion investment underscores a commitment to modernizing the state’s natural gas systems. Upgrades are expected to improve efficiency, reduce outages, and ensure a steady flow of energy to industrial users. For Hispanic-owned enterprises, this means more predictable costs and opportunities for expansion, particularly in sectors like manufacturing and construction that rely heavily on affordable energy.

Job Creation and Economic Impact

Job creation forms a core benefit of the acquisition. Bernhardt Production plans to hire local workers for infrastructure projects, prioritizing communities with high concentrations of Hispanic businesses. These initiatives could add hundreds of positions in engineering, maintenance, and operations, stimulating local economies in Albuquerque and beyond.

Manufacturers in the region stand to gain from potential cost reductions. Energy expenses often account for a large portion of production budgets, and enhanced infrastructure may stabilize or decrease rates over time. This stability could encourage new investments and help businesses remain competitive amid rising national energy demands.

The endorsement emphasizes how the deal addresses broader economic expansion needs. New Mexico’s energy sector faces challenges from the transition to renewables, including regulatory pressures and fluctuating supply chains. By bolstering natural gas reliability, the acquisition provides a bridge, allowing businesses to adapt without immediate disruptions.

Challenges in the Energy Transition

The state’s energy landscape is evolving rapidly, with increased focus on reducing carbon emissions. Natural gas, while a fossil fuel, serves as a cleaner alternative to coal in many applications. The acquisition’s infrastructure upgrades could incorporate technologies that align with these environmental goals, such as leak detection systems and efficiency enhancements.

Regional growth depends on such developments. Albuquerque’s manufacturing base, which includes food processing, aerospace components, and electronics, requires consistent power to thrive. Disruptions from outdated infrastructure have historically led to lost productivity, making these improvements timely.

Background on the Involved Parties

Bernhardt Production, a major player in energy exploration and distribution, brings expertise in large-scale projects. The company has a track record of successful acquisitions that prioritize community benefits. New Mexico Gas Co., the state’s primary natural gas provider, serves over 500,000 customers and manages extensive pipeline networks.

The Hispano Chamber of Commerce represents thousands of Hispanic business owners, advocating for policies that foster inclusion and growth. Their support reflects confidence that the deal will prioritize equitable opportunities, ensuring that minority-owned firms are not left behind in the energy sector’s evolution.

Regulatory approval remains a key step. State commissions will review the acquisition for its impact on rates, service quality, and environmental compliance. If approved, implementation could begin within the next year, with initial upgrades targeting high-demand areas around Albuquerque.

Stakeholders view this as a pivotal moment for New Mexico’s economy. By securing energy reliability, the acquisition positions the state to attract new industries and support existing ones. Hispanic businesses, often at the forefront of local innovation, stand to benefit most from these foundational changes.

As discussions continue, the focus stays on balancing immediate economic gains with long-term sustainability. The $4 billion commitment signals strong investment in New Mexico’s future, potentially setting a model for energy transitions nationwide.

FAQ

Key Features of the Acquisition

Feature	Description
Acquisition Value	$4 billion
Endorsing Organization	Hispano Chamber of Commerce endorses Bernhardt Production’s acquisition of New Mexico Gas Co.
Benefits for Hispanic Businesses	Reliable energy supply and job creation for Hispanic-owned businesses
Infrastructure Improvements	Upgrades to lower costs for Albuquerque manufacturers
Economic Scope	Supports regional economic expansion amid energy transition challenges

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