N.M. Admin. Code § 19.15.7.30

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

Section 19.15.7.30 - PURCHASER'S NOMINATION FORMS (Form C-121 and Form C-121-A)

A. Unless the director requests otherwise, a person expecting to purchase oil from producing wells in New Mexico during the second and third succeeding two months shall file form C-121 with the division's Santa Fe office not later than the 20th day of each odd-numbered month. As an example, nominations submitted by the 20th day of July shall indicate the amount of oil the purchaser desires to purchase daily during September and October.

B. The person shall file form C-121-A with the division's Santa Fe office by the first day of the month during which the division will consider at the gas allowable hearing the nominations for the purchase of gas from producing wells in New Mexico during the succeeding month. As an example, purchaser's nominations to take gas from a pool during the month of August would be considered by the division at a hearing during July, and should be submitted to the Santa Fe office of the division by July 1.

C. In addition to the monthly gas nominations, the purchaser shall file 12-month nominations in accordance with the appropriate special pool orders.

N.M. Admin. Code § 19.15.7.30

19.15.7.30 NMAC - Rp, 19.15.13.1122 NMAC, 12/1/08, Amended and Renumbered from 19.15.7.29 by New Mexico Register, Volume XXXII, Issue 10, May 25, 2021, eff. 5/25/2021