New Mexico Stipulation of Ownership of Mineral Interest of Mineral Ownership in Specific Lands
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FAQ
The Mining Act Reclamation Program (MARP) was created under the New Mexico Mining Act of 1993 to regulate hard rock mining reclamation activities for all minerals except the exploration and extraction of potash, sand, gravel, caliche, borrow dirt, and quarry rock used as aggregate in construction; the exploration and ...
Working Interest: The operating interest under an oil and gas lease. The owner of the working interest has the exclusive right to exploit the minerals on the land. This is only the right to expend money, NOT the right to recoup revenues.
In the United States, landowners possess both surface and mineral rights unless they choose to sell the mineral rights to someone else. Once mineral rights have been sold, the original owner retains only the rights to the land surface, while the second party may exploit the underground resources in any way they choose.
The General Mining Law of 1872 (30 USC §§ 21-54, 611-615), as amended, is the principal law governing locatable minerals on federal lands. The General Mining Law gives US citizens the opportunity to explore for, discover and purchase certain valuable mineral deposits on federal lands open for mineral exploitation.
There are two types of rights given to landowners in the state; mineral and surface rights. These belong to a landowner who may own the rights to the land except if either has been severed and resources leased.
The purposes of the New Mexico Mining Act [69-36-1 to 69-36-20 NMSA 1978] include promoting responsible utilization and reclamation of lands affected by exploration, mining or the extraction of minerals that are vital to the welfare of New Mexico.
New Mexico currently mines a diverse set of natural resources, and is a leading state in the mining of several minerals, including potash, perlite, zeolite, copper, and molybdenum. New Mexico generates 1.7 percent of total US non-energy minerals production value (not including coal).
