New Mexico Statutes

§ 70-6-5 — Findings of oil conservation division

New Mexico·Ch. 70 Oil and Gas·Art. 6 Underground Storage of Natural Gas
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

Free access — add to your briefcase to read the full text and ask questions with AI

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
View on official source ↗