Section 70-7-9 – Amendment of plan of unitization.
An order providing for unit operations may be amended by an order made by the division in the same manner and subject to the same conditions as an original order providing for unit operations, provided: A. if such an amendment affects only the rights and interests of the working interest owners, the approval of the […]
Section 70-8-4 – 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 70-8-4 NMSA 1978 has been recompiled as 12-12-13 NMSA 1978, effective July 1, 2005.
Section 70-7-10 – Previously established units.
The division, by order, may provide for the unit operation of a pool or parts thereof that embrace a unit area established by a previous order of the division. Such order, in providing for the allocation of unit production, shall first treat the unit area previously established as a single tract, and the portion of […]
Section 70-8-5 – 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 NMSA 1978 has been recompiled as 12-12-14 NMSA 1978, effective July 1, 2005.
Section 70-7-11 – Unit operations of less than an entire pool.
An order may provide for unit operation on less than the whole of a pool where the unit area is of such size and shape as may be reasonably suitable for that purpose, and the conduct thereof will have no adverse effect upon other portions of the pool. History: 1953 Comp., § 65-14-11, enacted by […]
Section 70-7-12 – Operation; expressed or implied covenants.
All operations, including but not limited to, the commencement, drilling or operation of a well upon any portion of the unit area shall be deemed for all purposes the conduct of such operations upon each separately owned tract in the unit area by the several owners thereof. The portions of the unit production allocated to […]
Section 70-7-13 – Income from unitized substances.
The portion of the unit production allocated to any tract, and the proceeds from the sale thereof, shall be the property and income of the several persons to whom, or to whose credit, the same are allocated or payable under the order providing for unit operations. History: 1953 Comp., § 65-14-13, enacted by Laws 1975, […]
Section 70-7-14 – Lien for costs.
Subject to such reasonable limitations as may be set out in the plan of unitization, the unit shall have a first and prior lien upon the leasehold estate and other oil and gas rights (exclusive of a one-eighth royalty interest or exclusive of the interest provided in the unit operating plan which allocates costs, if […]
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 […]