Whenever any oil, gas or other mineral lease heretofore or hereafter executed shall become forfeited, it shall be the duty of the lessee, his, or its heirs, executors, administrators, successors or assigns, within thirty days from the date this act [70-1-3 to 70-1-5 NMSA 1978] shall take effect, if the forfeiture occurred prior thereto, and within thirty days from the date of the forfeiture of any and all other leases, to have such lease released from record in the county where the leased land is situated, without cost to the owner thereof.
History: Laws 1925, ch. 118, § 1; C.S. 1929, § 97-301; 1941 Comp., § 69-103; 1953 Comp., § 65-2-3.
ANNOTATIONS
Proof of substantial damage from undrilled tract. — Irrespective of standard of duty which should be imposed upon lessee of two oil and gas leaseholds when he has drilled one leasehold, or which remedies are available to the lessor, there must first be proof of substantial drainage from undrilled tract, and where there was substantial evidence to support trial court’s finding that little or no drainage had occurred, that finding would not be overturned on appeal. Cone v. Amoco Prod. Co., 1975-NMSC-007, 87 N.M. 294, 532 P.2d 590.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 38 Am. Jur. 2d Gas and Oil § 212; 53A Am. Jur. 2d Mines and Minerals §§ 226, 228.
Surrender clause as affecting validity of oil or gas lease, 3 A.L.R. 378.
Commencement of development within fixed term as extending term of oil and gas lease, 67 A.L.R. 526.
Acceptance of rents or royalties under oil and gas lease as waiver of forfeiture for breach of covenant or condition regarding drilling of wells, 80 A.L.R. 461.
Lessor’s acceptance of royalty under gas and oil lease after lease has expired as precluding him from insisting upon expiration, 113 A.L.R. 396.
Mistake, accident, inadvertence, etc., as ground for relief from termination or forfeiture of oil and gas lease for failure to complete well or commence drilling, 5 A.L.R.2d 993.
Relief against forfeiture of lease for nonpayment of rent, 31 A.L.R.2d 321.
Rights of parties to oil and gas lease or royalty deed after expiration of fixed term where production temporarily ceases, 100 A.L.R.2d 885.
Gas and oil lease force majeure provisions: construction and effect, 46 A.L.R.4th 976.
58 C.J.S. Mines and Minerals §§ 173, 184, 205.