Section 70-10-3 – Payment of oil and gas proceeds; time for payment.
The oil and gas proceeds derived from the sale of production from any well producing oil, gas or related hydrocarbons in New Mexico shall be paid to all persons legally entitled to such payments, commencing not later than six months after the first day of the month following the date of first sale and thereafter […]
Section 70-10-3.1 – Duty to locate.
A. The operator or lessee arranging for the sale of oil and gas shall furnish the payor with the name, the address and the percentage of interest of each person to whom payment is to be made, as well as proof of marketable title to all of the oil and gas to be sold. B. […]
Section 70-8-5.1 – Recompiled.
ANNOTATIONS Recompilation. — The Emergency Petroleum Products Supply Act has been recompiled by Laws 2005, ch. 22, § 4 as part of the Chapter 12, Article 12 NMSA 1978. Former Section 70-8-5.1 NMSA 1978 has been recompiled as 12-12-15 NMSA 1978, effective July 1, 2005.
Section 70-8-6 – Recompiled.
ANNOTATIONS Recompilation. — The Emergency Petroleum Products Supply Act has been recompiled by Laws 2005, ch. 22, § 4 as part of the Chapter 12, Article 12 NMSA 1978. Former Section 70-8-6 NMSA 1978 has been recompiled as 12-12-16 NMSA 1978, effective July 1, 2005.
Section 70-9-1 – New Mexico petroleum recovery research center.
There is hereby established a “New Mexico petroleum recovery research center” which shall be a division of the New Mexico institute of mining and technology and under the direction of its board of regents. History: 1953 Comp., § 73-27-28, enacted by Laws 1977, ch. 143, § 1.
Section 70-9-2 – New Mexico petroleum recovery research center; duties.
The objectives and duties of the New Mexico petroleum recovery research center shall be as follows: A. to engage in theoretical and practical research into the recovery of petroleum and other energy resources; B. to disseminate the knowledge acquired; C. to assist, in all legal ways, persons and entities in the state in their efforts […]
Section 70-7-15 – Liability for expenses.
The obligation or liability of each working interest owner in the several separately owned tracts in the unit for the payment of unit expense at all times shall be several and not joint or collective, and a working interest owner shall not be chargeable with, obligated or liable for, directly or indirectly, more than the […]
Section 70-7-16 – Division orders.
A. No division order or other contract relating to the sale or purchase of production from a separately owned tract shall be terminated by the order providing for unit operations, but shall remain in force and apply to oil and gas allocated to such tract until terminated in accordance with the provisions thereof. B. For […]
Section 70-7-17 – Property rights.
Except to the extent that the parties affected so agree, no order providing for unit operations shall be construed to result in a transfer of all or any part of the title of any person to the oil and gas rights in any tract in the unit area. All property, whether real or personal, that […]
Section 70-7-18 – Existing rights, rights in unleased land and royalties and lease burdens.
Property rights, leases, contracts and other rights or obligations shall be regarded as amended and modified only to the extent necessary to conform to the provisions and requirements of the Statutory Unitization Act and to any valid order of the division providing for the unit operation of a pool or a part thereof, but otherwise […]