Section 19-10-53 – [State participation in pooling and communitization agreements authorized.]
In the interest of conservation of oil and gas and the prevention of waste, the commissioner of public lands may consent to and approve the development or operation of state lands under agreements made by lessees of oil and gas leases thereon, jointly or severally with other oil and gas lessees of state lands or […]
Section 19-10-38 – [Repeal and saving clause.]
All acts and parts of acts in conflict herewith are hereby repealed, and this act [19-10-31 to 19-10-38 NMSA 1978] shall apply to all instruments now on file in the state land office and which pertain to oil and gas rights in state lands, but nothing contained herein shall be construed to deprive any person […]
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 […]