New Mexico Statutes
§ 70-6-5 — Findings of oil conservation division
Any natural gas company desiring to exercise the right of eminent domain as to any land for underground storage of natural gas shall, as a conditional [condition] precedent to the filing of its petition in the district court, obtain from the division a decision finding: A. that the underground stratum or formation sought to be acquired is suitable for the underground storage of natural gas; B. that the underground stratum or formation sought to be acquired is incapable of producing oil in paying quantities through any known recovery method; C. that the formation or stratum sought to be acquired is not underlying lands which contain known commercial deposits of potash; D. that injury will not be caused to surface or underground water resources; E. that the underground stratum or formation s
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New Mexico § 70-6-5 (Findings of oil conservation division) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
1953 Comp., § 65-9-5, enacted by Laws 1963, ch. 139, § 5; 1977, ch. 255, §
Nearby Sections
15
§ 70-10-1
Short title§ 70-10-2
Definitions§ 70-10-3.1
Duty to locate§ 70-10-4
Interest on late payments§ 70-10-5
Application; penalty§ 70-10-6
Attorneys' fees§ 70-11-1
Purpose§ 70-11-2
Office created; duties§ 70-11-3
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