N.M. Admin. Code § 19.2.2.68
Current through Register Vol. 35, No. 23, December 10, 2024
With the consent of the commissioner, a mineral lease in good standing may be relinquished, in whole or in part, upon approval of the commissioner and payment of the non-refundable filing fee in accordance with the schedule of fees. However, the commissioner will not approve relinquishment of an undivided interest in a lease or less than a legal subdivision. Relinquishment does not relieve the lessee from its obligation to reclaim the trust surface estate.
N.M. Admin. Code § 19.2.2.68