N.M. Admin. Code § 19.2.100.16

Current through Register Vol. 35, No. 23, December 10, 2024

Section 19.2.100.16 - LIMITATION OF ACREAGE

Unless otherwise approved and granted by the commissioner, no oil and gas lease shall be issued to cover more than the total number of acres of two sections of land to be wholly or partially included in the lease, regardless of the number of acres within those sections, provided that the lease may incorporate lands within more than two different sections of land.

19.2.100.16 NMAC - Rn, SLO Rule 1, Section 1.009, 12/13/2002, Adopted by New Mexico Register, Volume XXVII, Issue 12, June 30, 2016, eff. 6/30/2016