N.M. Stat. § 19-8-9

Current through 2024, ch. 69

Section 19-8-9 - Suspension of production; authorization by commissioner of public lands; extension of primary term of lease; secondary term of lease not determined by

Provided the lessee complies with all other terms and conditions of the lease, a suspension of production authorized by the commissioner of public lands shall:

A. if it occurs during the fixed or primary term of such lease, extend the term of such lease for a period of time equal to the period of such suspension; or

B. if it occurs during the indeterminable or secondary term of such lease, prevent the lease from determining in accordance with the limitation of such lease.

NMS § 19-8-9

1953 Comp., § 7-9-12.2, enacted by Laws 1959, ch. 178, § 2.