New Mexico Statutes 19-13-10. Suspension of operation and production
Current as of: 2023 | Check for updates
|
Other versions
The commissioner may, upon application and after a public hearing, suspend operations and production on a producing lease. On his own motion and after a public hearing, the commissioner, in the interest of conservation, may suspend operations on any lease, but in any such case he shall extend the lease term for the period of any suspension.
Terms Used In New Mexico Statutes 19-13-10
- 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