N.M. Admin. Code § 19.2.100.27

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

Section 19.2.100.27 - ACCEPTANCE OF BIDS

Up to the hour set for such sale, the commissioner will receive sealed bids for an oil and gas lease upon any tract of land described in the posted notice. All sealed bids submitted will be opened at the hour mentioned in the notice, and the lease will be awarded to the highest and best bidder, subject to the discretionary right of the commissioner to reject any bid.

N.M. Admin. Code § 19.2.100.27

19.2.100.27 NMAC - Rn, SLO Rule 1, Section 1.020, 12/13/2002, Adopted by New Mexico Register, Volume XXVII, Issue 12, June 30, 2016, eff. 6/30/2016