New Mexico Relinquishment Provision - All offset Wells

State:
Multi-State
Control #:
US-OG-716
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Word; 
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Description

This clause addresses the responsibilites in the event any Party elects not to participate in the drilling of a well and provides for the relinquishment of interest and assignments by that party.

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FAQ

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 ...

Section 30-3-2 - Aggravated assault. C. wilfully [willfully] and intentionally assaulting another with intent to commit any felony. Whoever commits aggravated assault is guilty of a fourth degree felony.

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 ...

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.

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.

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New Mexico Relinquishment Provision - All offset Wells