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 19-10-28 – [Lessee to purchase prior improvements on lands; proof of payment.]
If mineral lands upon which improvements have been made shall be leased in conformity with law to other than the owner of such improvements thereon, then such purchaser or such new lessee shall pay to the owner thereof the value of such improvements at an agreed price with the owner thereof; and if such owner […]
Section 19-10-29 – [Removal of certain improvements on cancellation or forfeiture of lease.]
In the event of the cancellation or forfeiture of any lease issued under the provisions of this act [19-10-11, 19-10-26 to 19-10-30 NMSA 1978] from any cause whatever, the lessee or assignee shall be permitted to remove any and all improvements from the lands which lessee can remove without injury thereto, provided, however, that the […]
Section 19-10-30 – [Rules and regulations authorized.]
The commissioner of public lands shall be, and he hereby is, authorized and empowered to adopt such uniform and reasonable rules and regulations and to prepare such uniform forms of leases as he may deem necessary to carry into effect the terms and provisions of this act [19-10-11, 19-10-26 to 19-10-30 NMSA 1978] and not […]
Section 19-10-31 – [Filing and recording of leases, other instruments and assignments with commissioner; constructive notice; recording in county waived.]
All leases and other instruments executed or issued by the commissioner of public lands, hereinafter referred to as the commissioner, pertaining to oil and gas rights in state lands, and including assignments of such rights when approved by the commissioner, shall be made in duplicate and one copy thereof retained in the files of the […]
Section 19-10-32 – [Acknowledgments required; commissioner excepted.]
All such instruments shall be acknowledged by the parties thereto except that the commissioner shall not be required to acknowledge any such instrument but shall authenticate his signature to same with his seal of office. History: Laws 1925, ch. 68, § 2; C.S. 1929, § 132-502; 1941 Comp., § 8-1125; 1953 Comp., § 7-11-26. ANNOTATIONS […]
Section 19-10-33 – [Contracts relating to oil and gas rights; filing for record in land office.]
Contracts between persons or corporations owning or holding oil and gas rights in state lands, when duly acknowledged by the parties thereto, may be filed for record and recorded in the state land office in the same manner and with the same force and effect as the instruments referred to in the foregoing sections. History: […]