Section 19-10-67 – Sale of state oil royalties; preference; authority of commissioner.
A. Upon granting any oil or gas lease upon public lands in the state, and during the term of any existing lease, the commissioner of public lands may offer for sale from time to time, for such period as he may determine, by competitive bidding, upon notice and advertisement on sealed bids, a portion or […]
Section 19-10-68 – Application for preference in sale of royalty oil; requirements.
A petroleum refinery within the state unable to purchase in the open market at prevailing prices an adequate supply of refinery charge stocks of a quality to meet the needs of its existing petroleum refinery capacity may file an application and supporting documents with the oil conservation commission. Such application shall be filed in triplicate […]
Section 19-10-69 – Grant of preference based upon application.
The oil conservation commission shall examine each application from petroleum refineries within the state requesting a preference and where it finds that the showing submitted is inadequate or unsatisfactory, it shall so notify the applicant and shall require such additional showing as it deems necessary. Upon being satisfied that the applicant is a bona fide […]
Section 19-10-70 – Advertising for bids; priority of bidders; award of oil.
A. Where the commissioner of public lands elects to offer royalty oil for sale, the royalty oil will be advertised for sale in designated newspapers or periodicals of general circulation in the state in accordance with regulations to be promulgated by the commissioner. The notice will set the day and hour on which sealed bids […]
Section 19-10-66 – Payment of royalties of the state in oil on demand.
All royalties accruing to the state under any oil or gas lease or permit under Sections 19-10-1 to 19-10-62 [repealed] NMSA 1978, shall be paid in royalty oil on demand of the commissioner of public lands. History: 1953 Comp., § 7-11-59, enacted by Laws 1967, ch. 34, § 3. ANNOTATIONS Bracketed material. — The bracketed […]
Section 19-10-57 – Rules; regulations; notice; hearing.
Before any rule or regulation concerning reporting and remittance of oil and gas royalty shall be adopted by the commissioner of public lands a public hearing shall be held. Notice of such hearing shall be mailed at least fifteen days prior to date set for the hearing to every oil and gas operator or purchaser […]
Section 19-10-58 – Rules; regulations; record; filing with supreme court librarian.
All rules and regulations concerning reporting and remittance of oil and gas royalty adopted by the commissioner of public lands shall be entered in full in a record book to be kept for such purpose by the commissioner of public lands. Such rules and regulations shall be filed with the librarian of the New Mexico […]
Section 19-10-59 – Reporting and rendition forms to be adopted by rule or regulation.
All reporting and royalty rendition forms required by the commissioner of public lands shall be adopted by appropriate rule or regulation. History: 1953 Comp., § 7-11-53, enacted by Laws 1959, ch. 51, § 4.
Section 19-10-60 – Repealed.
ANNOTATIONS Repeals. — Laws 1994, ch. 102, § 3 repealed 19-10-60 NMSA, as amended by Laws 1977, ch. 249, § 15, relating to the transfer of state royalties to the commissioner of public lands, effective May 18, 1994. For provisions of former section, see the 1993 NMSA 1978 on NMOneSource.com..
Section 19-10-61 – [Sale or exchange of royalty gas taken in kind.]
The commissioner of public lands shall have the authority to negotiate and enter into agreements for the sale or exchange of royalty gas taken in kind under oil and gas leases issued by the state. Provided, however, he shall not dispose of said gas for a net consideration of less than that being received at […]