Section 19-10-11 – [Statement with royalty payment; inspection of books; state’s lien for unpaid royalty; log; specimen of drill cuttings.]
The lessee shall be required to submit to the commissioner of public lands with each and every royalty payment, a correct statement showing the amount of oil or gas produced and saved since the last report and the market value thereof, except oil and gas used in developing and operating said lease. All books and […]
Section 19-10-12 – [New lease or extension where no discovery made; preference right; conditions.]
The legal owners of all leases issued by the commissioner of public lands prior to the effective date of this amendment, containing provision, or provisions, for preference right to a new lease, or extension of the term thereof upon the expiration of the initial five-year term, and where valuable discoveries of the oil and gas […]
Section 19-10-13 – [Assignment of leases; procedure; effect.]
All leases issued under the provisions of this act [19-10-1, 19-10-12 to 19-10-25 NMSA 1978] shall be assignable in whole or in part; provided, however, that no assignment of an undivided interest in the lease or any part thereof, or any assignment of less than a legal subdivision shall be recognized or approved by the […]
Section 19-10-14 – [Application for lease; form; deposit; appraisement.]
Applications for the issuance of any lease authorized by this act [19-10-1, 19-10-12 to 19-10-25 NMSA 1978] shall be executed under oath by the applicant or by his agent or attorney duly authorized in writing, or by any officer or attorney in fact of the corporation if the application be made by a corporation. The […]
Section 19-10-15 – [Rental; limits; first year; rental districts; alteration; maximum size of lease; rent where lease crosses district line.]
All leases issued by the commissioner of public lands shall provide for an annual rental to be paid by the lessee, the amount thereof to be fixed by the commissioner, but in no case shall the same be less than five cents [($.05)] nor more than one dollar [($1.00)] per acre, except during the secondary […]
Section 19-10-16 – [Restricted districts; method of leasing; added area; notice; rental.]
There is hereby created a restricted district comprising townships 3 to 15 south inclusive, ranges 34 to 39 east inclusive; townships 16 to 20 south inclusive, ranges 28 to 39 east inclusive; and townships 21 to 26 south inclusive, ranges 34 to 39 east inclusive, N.M.P.M. No oil and gas leases upon any state lands […]
Section 19-10-6 – Shut-in oil wells; conditions.
A. If, after notice and public hearing, the commissioner finds that because of a severe reduction in the price of oil the beneficiaries of state trust lands are ultimately better served if oil wells are allowed to be temporarily shut in rather than produced at a low price, he may promulgate a regulation which allows […]
Section 19-10-1 – [Issuance of leases authorized; lands subject; carbon dioxide leases exempted.]
The commissioner of public lands hereinafter referred to as the “commissioner” is hereby authorized to execute and issue in the name of the state of New Mexico, as lessor, leases for the exploration, development and production of oil and natural gas, from any lands belonging to the state of New Mexico, or held in trust […]
Section 19-10-2 – Definitions.
The words “natural gas,” as used in Sections 19-10-1 through 19-10-52 NMSA 1978 shall be construed to cover and include carbon dioxide gas and helium gas as well as gas of the hydrocarbon kind. History: Laws 1941, ch. 137, § 1; 1941 Comp., § 8-1102; 1953 Comp., § 7-11-2; Laws 1963, ch. 151, § 1. […]
Section 19-10-3 – Classification of state lands for oil and gas leasing.
A. For the purpose of issuing oil and gas leases thereon, all state lands under the jurisdiction of the commissioner shall be classified as either nonrestricted or restricted. Those lands placed within a restricted district pursuant to Section 19-10-16 NMSA 1978 shall be classified as restricted lands. All other lands owned by the state under […]