New Mexico Pooling

State:
Multi-State
Control #:
US-OG-814
Format:
Word; 
Rich Text
Instant download

Description

This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.

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FAQ

Compulsory pooling orders the division enters pursuant to NMSA 1978, Section 70-2-17, as amended, may provide for the recovery, out of the share of production allocable to the working interest of a party that elects not to pay its proportionate share of well costs in advance, in addition to reasonable well costs and ...

Importance of Oil & Gas in New Mexico These valuable commodities are obtained from more than 2,000 oil and gas fields.

The New Mexico Oil and Gas Justice and Reform Act Reforms the Basic Framework of the 1935 Oil and Gas Act to: Expand the duties and authorities of the Oil Conservation Commission (OCC) and Oil Conservation Division (OCD) to include: Protection of the environment, Protection of public health, and.

We maintain the New Mexico Library of Subsurface Data that contains completion records for all 110,000 wells drilled for oil and natural gas in the state, as well as electric logs, sample logs, drillers logs, and other well information.

How many abandoned wells are there? There were an estimated 1,700 abandoned wells as of 2021, ing to New Mexico's Oil Conservation Division of the Energy, Minerals and Natural Resources Department.

(1) An operator shall not file an application for permit to drill nor commence the drilling of a horizontal oil or gas well until the operator has either: (a) received the consent of at least one working interest owner or unleased mineral interest owner of each tract (in the target pool or formation) in which any part ...

Data ReservesReservesNew MexicoPeriodCrude Oil (as of Dec. 31)4,517 million barrels2021Expected Future Production of Dry Natural Gas (as of Dec. 31)33,072 billion cu ft2021Expected Future Production of Natural Gas Plant Liquids2,172 million barrels20216 more rows

Basic Info. New Mexico Inland Rig Count is at a current level of 104.00, up from 100.00 last week and down from 106.00 one year ago. This is a change of 4.00% from last week and -1.89% from one year ago.

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New Mexico Pooling