This form is used when the Operator desires to amend the Designation of Pooled Unit, as permitted by the terms of the Leases included in the Unit, to (increase/reduce) the size of the Unit so that, on the Effective Date of this Amendment, the Unit will consist of a specific number of acres of land, which lands are to be depicted on a plat attached to this Amendment.
New Mexico Amendment to Pooled Unit Designation
State:
Multi-State
Control #:
US-OG-365
Format:
Word;
Rich Text
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How to fill out Amendment To Pooled Unit Designation?
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FAQ
BUREAU OF LAND MANAGEMENT: The BLM New Mexico Field Office maintains information on mineral rights and has a public information room at 301 Dinosaur Trail, Santa Fe, NM 87508, (505) 954-2000, where that information can be researched.
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 ...
In New Mexico, however, there has been no judicial recognition or inter- pretation of the compulsory pooling law even though it has been in effect since 1935-the year in which Oklahoma adopted its pooling law.
To transfer any rights to minerals successfully, follow these steps: The new owner has to acquire a copy of the deed for the site at a local courthouse in New Mexico. Review the deed to ensure it matches the description and to ensure that the so-called rights to any minerals are included in the property deed.
The number of drilling rigs, a barometer for future production, has increased by five so far this year in New Mexico, compared to an eight-rig decline in Texas, the EIA said. That is reversing a trend from 2022, when the rig count increased by eight in New Mexico and by 100 in Texas.
(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 ...
Fracking, also known as hydraulic fracturing, is a proven technology that has been used in New Mexico for over 50 years and more than 50,000 times to safely increase production of oil and natural gas.