Section 19-10-54 – [Existing pooling and communitization agreements confirmed and validated; segregation of leases in accordance with prior agreement.]
In all cases where the commissioner of public lands has heretofore approved agreements made by oil and gas lessees of state lands with other oil and gas lessees of state lands or with oil and gas lessees of the United States or with lessees or mineral owners of fee or privately owned lands or oil […]
Section 19-10-39 – [Litigation involving lessee’s oil and gas rights on land sold with reservation of oil and gas; suspense account for royalty payments.]
In any case where litigation has been instituted in the state courts of the state of New Mexico, or in the United States district court for the district of New Mexico, involving the right or title of the lessee under any oil and gas leases issued by the state of New Mexico on lands heretofore […]
Section 19-10-55 – [Validation of oil and gas leases.]
All oil and gas leases issued by the commissioner of public lands prior to the effective date of this section are declared to be valid and existing contracts with the state according to their terms and provisions where: A. made in substantial conformity with law; B. the terms have not expired; C. all rentals have […]
Section 19-10-40 – [Litigants to show right to have royalties placed in suspense fund; determination of amount.]
The commissioner of public lands shall require the lessee or any party litigant in such litigation desiring to have such royalties placed in such suspense fund, to make such showing by affidavit or otherwise as the commissioner may require, that such litigation is pending and involves the question or questions referred to in Section 1 […]
Section 19-10-56 – Reports and remittance of state royalty; rules and regulations prescribed by commissioner.
Any person obligated to pay royalties pursuant to a producing oil and gas lease issued by the commissioner shall make reports and remittance of state oil and gas royalty through the oil and natural gas administration and revenue database system pursuant to rules and regulations of the commissioner. History: 1953 Comp., § 7-11-50, enacted by […]
Section 19-10-41 – [Remitting moneys for oil and gas royalty suspense fund; investment of fund; disposition of investment income.]
The commissioner of public lands is directed to remit all such royalties to the state treasurer, with the proper memorandum of distribution of such funds attached thereto and such moneys shall be placed in a special suspense fund by the state treasurer, to be known as “the oil and gas royalty suspense fund,” and such […]
Section 19-10-42 – [Distribution of suspense funds after litigation is completed.]
When the questions involved in the litigation referred to in Section 1 [19-10-39 NMSA 1978] hereof shall have been finally determined, the commissioner of public lands is directed to disburse said fund to the funds of the institutions or common schools lawfully entitled thereto, or, the persons, firms or corporations entitled to said royalties, as […]
Section 19-10-43 – [Suit by state to determine rights.]
If the commissioner of public lands shall not be satisfied with the conduct or determination of any litigation between the lessee under any such oil and gas lease, and the purchaser of said lands from the state, he shall request the attorney general to bring such suit or suits in the name of the state […]
Section 19-10-44 – [Intervention in pending litigation by attorney general.]
In event the attorney general of the state of New Mexico shall deem it for the best interests of the state of New Mexico to intervene in any pending litigation involving such questions, he is hereby specifically authorized to intervene therein in the name of the state of New Mexico, for the purpose of obtaining […]
Section 19-10-45 – Cooperative agreements for development or operation of oil and gas pools between lessees and others.
For the purpose of more properly conserving the oil and gas resources of the state, the commissioner of public lands may consent to and approve the development or operation of state lands under agreements made by lessees of state land jointly or severally with other lessees of state lands, with lessees of the United States […]