N.M. Admin. Code § 19.2.100.32

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

Section 19.2.100.32 - TRANSFER AND ASSIGNMENT OF OIL AND GAS LEASES

Any transfer of an oil and gas lease or assignment is considered to convey an interest in real property and is therefore required to be formally executed by the proper parties and upon prescribed forms furnished by the state land office before such transfer or assignment shall be approved by the commissioner. Ordinarily, leases shall be transferred or assigned in the names of no more than two persons or legal entities as provided in 19.2.100.20 NMAC.

19.2.100.32 NMAC - Rn, SLO Rule 1, Section 1.025, 12/13/2002, Adopted by New Mexico Register, Volume XXVII, Issue 12, June 30, 2016, eff. 6/30/2016