§ 70-7-1 Purpose of act
§ 70-7-2 Short title
§ 70-7-3 Additional powers and duties of the oil conservation division
§ 70-7-4 Definitions
§ 70-7-5 Requisites of application for unitization
§ 70-7-6 Matters to be found by the division precedent to issuance of unitization order
§ 70-7-7 Division orders
§ 70-7-8 Ratification or approval of plan by owners
§ 70-7-9 Amendment of plan of unitization
§ 70-7-10 Previously established units
§ 70-7-11 Unit operations of less than an entire pool
§ 70-7-12 Operation; expressed or implied covenants
§ 70-7-13 Income from unitized substances
§ 70-7-14 Lien for costs
§ 70-7-15 Liability for expenses
§ 70-7-16 Division orders
§ 70-7-17 Property rights
§ 70-7-18 Existing rights, rights in unleased land and royalties and lease burdens
§ 70-7-19 Agreements not violative of laws governing monopolies or restraint of trade
§ 70-7-20 Evidence of unit to be recorded
§ 70-7-21 Unlawful operation

Terms Used In New Mexico Statutes > Chapter 70 > Article 7 - Statutory Unitization Act

  • Allegation: something that someone says happened.
  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Contract: A legal written agreement that becomes binding when signed.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • 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
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.