New Mexico § 70-2-15 Allocation of allowable production among fields when

New Mexico Statutes

§ 70-2-15 — Allocation of allowable production among fields when

New Mexico § 70-2-15

Ch. 70Oil and Gas

Art. 2Oil Conservation Commission; Division;

This text of New Mexico § 70-2-15 (Allocation of allowable production among fields when) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 70-2-15 (2026).

Text

division limits total amount of production. Whenever, to prevent waste, the division limits the total amount of crude petroleum oil to be produced in this state, it shall allocate or distribute the allowable productions among the fields of the state. Such allocation or distribution among the fields of the state shall be made on a reasonable basis, giving, if reasonable under all circumstances, to each pool with small wells of settled production, an allowable production which will prevent a general premature abandonment of the wells in the field.

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division limits total amount of production. Whenever, to prevent waste, the division limits the total amount of crude petroleum oil to be produced in this state, it shall allocate or distribute the allowable productions among the fields of the state. Such allocation or distribution among the fields of the state shall be made on a reasonable basis, giving, if reasonable under all circumstances, to each pool with small wells of settled production, an allowable production which will prevent a general premature abandonment of the wells in the field.