New Mexico Release and Surface Damages Agreement Entered into Prior to Drilling

State:
Multi-State
Control #:
US-OG-135
Format:
Word; 
Rich Text
Instant download

Description

This is a release, between the surface owner and a lessee, providing for a lump sum to be paid prior to any drilling activities or exploration operations being conducted on the lands.
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FAQ

Is it for me to drill a DIY oil well on my land in California? Yes it is legal as long as you obtain all the necessary Permits (Federal, Stata and Environmental). The general cost is $1 million per mile. That's $1 million dollars to drill straight down 1 mile or 5286 feet approximately.

Concealing identity consists of concealing one's true name or identity, or disguising oneself with intent to obstruct the due execution of the law or with intent to intimidate, hinder or interrupt any public officer or any other person in a legal performance of his duty or the exercise of his rights under the laws of ...

SOPA creates an obligation to pay damages where oil and gas operations result in any loss of: land value; agricultural production or income; use; access; or improvements.

Section 70-10-5 - Application; penalty. D. the party entitled to payment has failed or refused to execute a reasonable division or transfer order acknowledging the proper interest to which he claims to be entitled and setting forth a mailing address to which payment may be directed.

The Oklahoma Surface Damage Act guides interactions and negotiations between land surface owners and the oil companies and others who have the mineral rights. In the state, and elsewhere throughout the U.S., the owners of land parcels do not always also have ownership of what may lay below the surface.

The New Mexico Statutes Annotated is the official codification of New Mexico's laws. Session Laws are a collection of the laws passed in a particular legislative session, in the order they were passed. Statutes are laws enacted by legislative bodies.

Unlawful carrying of a deadly weapon consists of carrying a concealed loaded firearm or any other type of deadly weapon anywhere, except in the following cases: (1) in the person's residence or on real property belonging to him as owner, lessee, tenant or licensee; (2) in a private automobile or other private means of ...

The oil and gas proceeds derived from the sale of production from any well producing oil, gas or related hydrocarbons in New Mexico shall be paid to all persons legally entitled to such payments, commencing not later than six months after the first day of the month following the date of first sale and thereafter not ...

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New Mexico Release and Surface Damages Agreement Entered into Prior to Drilling