N.M. Admin. Code § 19.2.100.63

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

Section 19.2.100.63 - RESERVATION OF RIGHT TO PURCHASE PRODUCTION

The state reserves a continuing option to purchase at any time and from time to time, at the market price prevailing in the area on the date of purchase, all or part of the oil and gas that may be produced from the lands embraced in all leases issued on or after June 11, 1973.

19.2.100.63 NMAC - Rn, SLO Rule 1, Section 1.065, 12/13/2002, Adopted by New Mexico Register, Volume XXVII, Issue 12, June 30, 2016, eff. 6/30/2016