Section 19-13-11.2 – Validation of geothermal resource leases.
All geothermal resource 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. such leases were made in substantial conformity with law; B. the terms have not expired; C. all […]
Section 19-13-12 – Combining geothermal resources.
Any person engaged in the production of geothermal resources under a lease issued by the commissioner may commingle geothermal resources from any two or more wells without regard to whether such wells are located on the lands for which such lease was issued or elsewhere; provided, however, that the person holding the lease shall install […]
Section 19-13-1 – Short title.
This act [19-13-1 to 19-13-28 NMSA 1978] may be cited as the “Geothermal Resources Act.” History: 1953 Comp., § 7-15-1, enacted by Laws 1967, ch. 158, § 1. ANNOTATIONS Law reviews. — For comment on geothermal energy and water law, see 19 Nat. Resources J. 445 (1979).
Section 19-13-2 – Definitions.
As used in the Geothermal Resources Act: A. “geothermal resources” means the natural heat of the earth in excess of two hundred fifty degrees Fahrenheit, or the energy in whatever form below the surface of the earth present in, resulting from, created by or which may be extracted from this natural heat in excess of […]
Section 19-13-3 – Administration of act.
Administration of the Geothermal Resources Act shall be based on the principle of multiple use of state land and resources and shall allow coexistence of other leases on the same lands for deposits of other minerals, and the existence of leases issued pursuant to the Geothermal Resources Act shall not preclude other uses of the […]
Section 19-13-4 – Geothermal resources of commercial value.
Where it is determined by the commissioner that the production or use of geothermal energy is also susceptible of economically producing other of the geothermal resources in commercially valuable quantities, and a market therefor exists, production of the other geothermal resources may be required by the commissioner. History: 1953 Comp., § 7-15-4, enacted by Laws […]
Section 19-13-5 – Leases; applications; limitations.
A. Leases may be issued by the commissioner according to such terms and conditions not inconsistent with the provisions of the Geothermal Resources Act which the commissioner determines to be in the best interest of the state. B. An application for a lease on state lands shall not be made for less than six hundred […]
Section 19-13-6 – Known geothermal resources fields.
A. The commissioner shall, after consultation with the director of the bureau of geology and mineral resources, make a classification of geothermal areas that he has determined may be capable of producing geothermal resources in commercial quantities. These geothermal areas shall be classified as “known geothermal resources fields”. B. If any lands to be leased […]
Section 19-13-7 – Leases; terms; rentals and royalties.
A. Each lease issued pursuant to the Geothermal Resources Act shall provide for the following base rentals, royalties and percentage rentals with respect to geothermal resources produced or sold from the lands included within the lease: (1) a base lease rent to be charged under each lease based upon fair market value at the time […]
Section 19-13-8 – Leases; relinquishment.
A. The holder of any lease may at any time relinquish all his rights under the lease by filing a written relinquishment of all rights under the lease with the commissioner. The relinquishment shall be effective as of the date of its filing, subject to the continued obligation of the person, in accordance with the […]