New Mexico Statutes 19-10A-3. Definitions
As used in the State Carbon Dioxide Act N.M. Stat. Ann. § 19-10A-1 to 19-10A-7:
Terms Used In New Mexico Statutes 19-10A-3
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
A. “gas or carbon dioxide” means carbon dioxide whether in a gaseous or liquid form;
B. “producer” means a person producing crude oil in New Mexico who:
(1) is a participant in a carbon dioxide project for enhanced recovery of crude oil and related hydrocarbons from a reservoir in New Mexico; and
(2) does not own or control a source of carbon dioxide which is sufficient to supply the carbon dioxide for the enhanced recovery project;
C. “refiner” means a person who owns a petroleum refinery located in New Mexico;
and D. “state carbon dioxide” means carbon dioxide which the commissioner of public lands may take in kind as royalty under a lease issued by the state or carbon dioxide which the commissioner of public lands has the right to purchase under leases issued pursuant to Sections 19-10-3 and 19-10-4 N.M. Stat. Ann..