New Mexico Statutes

§ 71-9-3 — Definitions

New Mexico·Ch. 71 Energy and Minerals·Art. 9 Geothermal Resources Development
As used in the Geothermal Resources Development Act: A. "correlative rights" means the opportunity afforded, insofar as is practicable, to each owner or leaseholder in a geothermal reservoir to produce the owner's or leaseholder's just and equitable share of the geothermal resources within such reservoir, being an amount, so far as can be practicably determined and so far as can be practicably obtained without waste, substantially in the proportion that the recoverable geothermal resources of such ownership or lease interest bear to the total recoverable geothermal resources in the reservoir and, for such purpose, to use the owner's or leaseholder's just and equitable share of the natural heat or energy in the reservoir; B. "division" means the energy conservation and management division o

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Legislative History

Laws 2016, ch. 71, § 3; 2016, ch. 78, § 3; 2024, ch. 55, § 2.

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