Section 19-10-4.3 – Development form of lease; premium restricted land.
The following form is designed as the “Development Form.” It may be used by the commissioner for oil and gas leases on lands classified as restricted lands and categorized as Premium: “Lease No. …… Application No. …… OIL AND GAS LEASE (Development Form) This agreement, dated …… , 19 … , between the state of […]
Section 19-10-5 – Existing leases; stipulation.
A. The owners of any oil and gas lease issued by the commissioner of public lands before the effective date of this section, other than a five year lease, and maintained in good standing according to the terms and conditions thereof and all applicable statutes and regulations, may, in accordance with regulations prescribed by the […]
Section 19-10-5.1 – Amendment of lease to lower royalty rate for oil wells under certain conditions.
A. The record owner of an oil and gas lease issued by the commissioner of public lands whose lease is maintained in good standing according to the terms and conditions of the lease and all applicable statutes and regulations may apply to the commissioner for an amendment to the lease for the purpose of changing […]
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 19-8-33 – Withholding of lands from lease authorized; lease by competitive bidding authorized.
Nothing contained in this act [19-8-14 to 19-8-18, 19-8-21 to 19-8-33 NMSA 1978] shall be construed as requiring the commissioner to offer any tract or tracts of land for lease, but the commissioner shall have power to withhold any tract or tracts from leasing for said mineral purposes, if, in his opinion, the best interests […]
Section 19-9-1 to 19-9-8 – Repealed.
ANNOTATIONS Repeals. — Laws 1989, ch. 200, § 9 repealed 19-9-1 to 19-9-8 NMSA 1978, as enacted by Laws 1912, ch. 82, §§ 24 to 31, relating to lease of coal lands, effective July 1, 1989. For comparable provisions, see 19-9-9 to 19-9-16 NMSA 1978.
Section 19-9-9 – Coal leases; authorization; competitive bids.
The commissioner of public lands may execute and issue leases for the exploration, development and production of coal from state trust lands. Leases shall be issued only to the highest bidder either by sealed bid or at public auction; provided, however, the commissioner may in his discretion withhold any tract from leasing and may reject […]
Section 19-9-10 – Coal leases; provisions.
Any coal lease issued by the commissioner of public lands shall: A. provide for a primary term of five years; B. provide that, if, at the end of the primary term, the lessee has submitted a mine plan to the commissioner of public lands for approval delineating how and when the leased land will be […]