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  • Nm Office Of The State Engineer Form Wr 02

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File No. NEW MEXICO OFFICE OF THE STATE ENGINEER CHANGE OF OWNERSHIP OF WATER RIGHT (NON-72-12-1) FOR (check one): Individual Corporation 1. OWNER OF RECORD (Seller) Name: Name: Phone: Phone (Work):.

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Recent prices for water rights have ranged as high as $35,000 to $45,000 per right to consume an acre-foot each year in the Santa Fe area to $9,000 to $35,000 in the Middle Rio Grande to $2,400 in the Roswell Artesian Basin.

Drilling a residential water well costs $25 to $65 per foot or $3,750 to $15,300 on average for a complete system and installation. Prices include the drilling, a pump, casing, wiring, and more. Total costs largely depend on the depth drilled and the well's diameter.

For New Mexico, it came in the form of hefty water credit that shaved off a quarter of the debt the state owes Texas under the 75-year-old Rio Grande Compact, the agreement governing how those two states and Colorado share water from the Rio Grande.

If the source of groundwater is unclear, you may first acquire an exploratory permit. If that well produces water, you can then obtain the permit to use the water. Unless prohibited by a local ordinance, wells to be used for domestic purposes are allowed by state law.

It is unlawful for any person, firm, or corporation to drill or to begin the drilling of a well for water from an underground source without a valid,existing license for the drilling of such wells issued by the State Engineer of New Mexico.

Article 16 of the New Mexico Constitution provides that the water of every natural stream, perennial or torrential, not appropriated prior to statehood belongs to the public and is subject to appropriation for beneficial use. A water right is actually a right to “beneficially use” water, not a right to own water.

Recent prices for water rights have ranged as high as $35,000 to $45,000 per right to consume an acre-foot each year in the Santa Fe area to $9,000 to $35,000 in the Middle Rio Grande to $2,400 in the Roswell Artesian Basin.

In New Mexico, ownership of water rights is transferred by deed – just as land is. Irrigation water rights are considered appurtenant to the land that is their designated place of use.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232