New Mexico § 70-7-5 Requisites of application for unitization

New Mexico Statutes

§ 70-7-5 — Requisites of application for unitization

New Mexico § 70-7-5

Ch. 70Oil and Gas

Art. 7Statutory Unitization Act

This text of New Mexico § 70-7-5 (Requisites of application for unitization) 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. § 70-7-5 (2026).

Text

Any working interest owner may file an application with the division requesting an order for the unit operation of a pool or any part thereof. The application shall contain: A. a description of the proposed unit area and the vertical limits to be included therein with a map or plat thereof attached; B. a statement that the reservoir or portion thereof involved in the application has been reasonably defined by development; C. a statement of the type of operations contemplated for the unit area; D. a copy of a proposed plan of unitization which the applicant considers fair, reasonable and equitable; E. a copy of a proposed operating plan covering the manner in which the unit will be supervised and managed and costs allocated and paid; and F. an allegation of the facts required to be found by

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

Any working interest owner may file an application with the division requesting an order for the unit operation of a pool or any part thereof. The application shall contain: A. a description of the proposed unit area and the vertical limits to be included therein with a map or plat thereof attached; B. a statement that the reservoir or portion thereof involved in the application has been reasonably defined by development; C. a statement of the type of operations contemplated for the unit area; D. a copy of a proposed plan of unitization which the applicant considers fair, reasonable and equitable; E. a copy of a proposed operating plan covering the manner in which the unit will be supervised and managed and costs allocated and paid; and F. an allegation of the facts required to be found by the division under Section 70-7- 6 NMSA 1978.