This is a Reasonable Development form. The assignee shall drill all additional wells necessary to develop the leases and the land they cover, necessary to protect them from drainage, as would a reasonably prudent operator; provided, however, without limitation of the foregoing, assignee shall drill all development, protection, or offset wells which may be required under the terms and provisions of the oil and gas leases on the lands, to the depths assigned.
New Mexico Reasonable Development aims to strike a balance between economic growth, societal well-being, and environmental sustainability in the state of New Mexico. By considering the unique social, economic, and environmental aspects of the region, this approach promotes responsible and conscientious development. Keywords: New Mexico, Reasonable Development, economic growth, societal well-being, environmental sustainability, responsible development 1. Overview of New Mexico Reasonable Development: New Mexico Reasonable Development is a comprehensive approach that focuses on achieving economic growth while ensuring the overall well-being of society and preserving the natural environment. It emphasizes the need to make informed decisions that consider the long-term effects of development activities on both human communities and the ecosystem. 2. Economic Growth and Reasonable Development: In New Mexico, Reasonable Development acknowledges the importance of economic growth as a key driver for prosperity. It supports measures that stimulate job creation, attract investments, and enhance business opportunities without compromising the state's social fabric or degrading the environment. 3. Preservation of Natural Environment: Reasonable Development in New Mexico places significant emphasis on preserving the state's unique natural environment. It promotes sustainable practices that minimize resource extraction, protect biodiversity, and reduce pollution. Embracing renewable energy, promoting water conservation, and adopting green infrastructure are key elements of preserving the state's natural resources. 4. Social and Community Well-being: New Mexico Reasonable Development fosters healthy and resilient communities by prioritizing social well-being. It focuses on equitable development, affordable housing, quality healthcare, improved education systems, and access to basic services for all residents. By considering the needs of all community members, this approach aims to reduce disparities and create a thriving society. 5. Types of New Mexico Reasonable Development: a) Urban Redevelopment: This approach focuses on revitalizing existing urban areas, encouraging infill development, and utilizing existing resources efficiently to avoid sprawl and preserve open spaces. b) Rural Development: Rural Reasonable Development aims to support rural communities by providing necessary infrastructure, promoting sustainable agriculture, developing eco-friendly tourism, and ensuring access to essential services in remote areas. c) Environmental Conservation: This type of Reasonable Development focuses on protecting New Mexico's unique ecosystems, incorporating environmentally responsible practices, and implementing conservation strategies to maintain biodiversity and resilience. d) Economic Diversification: Encouraging economic diversification is another aspect of Reasonable Development. It aims to reduce over-reliance on certain industries, such as oil and gas, and supports the growth of diverse sectors such as renewable energy, tourism, and high-tech industries. In conclusion, New Mexico Reasonable Development is a comprehensive approach that considers economic growth, societal well-being, and environmental sustainability. It advocates for responsible decision-making in various development contexts, such as urban areas, rural communities, environmental conservation, and economic diversification. By embracing Reasonable Development practices, New Mexico aims to create a prosperous and sustainable future.
