The New Mexico Exhibit Schedule of Oil and Gas Leases Form 2 is a crucial document that outlines the schedule of various oil and gas leases within the state of New Mexico. This form provides detailed information about the lease agreements, including the terms, lease numbers, acreage, and locations. The New Mexico Exhibit Schedule of Oil and Gas Leases Form 2 is designed to ensure transparency and facilitate the efficient management of oil and gas resources in the state. It helps both the state government and leaseholders to track and understand the status and requirements of each lease. There are different types of New Mexico Exhibit Schedule of Oil and Gas Leases Form 2, which are categorized based on the specific lease types they cover. Some of these variations include: 1. Federal Leases Exhibit Schedule (Form 2-F): This form specifically addresses oil and gas leases that are located on federal lands within New Mexico. 2. State Leases Exhibit Schedule (Form 2-S): This form focuses on oil and gas leases that are situated on state-owned lands within New Mexico. 3. Tribal Leases Exhibit Schedule (Form 2-T): This form is dedicated to oil and gas leases located on tribal lands within the jurisdiction of New Mexico. Each of these variations of the New Mexico Exhibit Schedule of Oil and Gas Leases Form 2 serves a vital purpose in ensuring comprehensive documentation and oversight of oil and gas lease agreements across diverse jurisdictions within the state. To effectively manage and administer these lease agreements, it is necessary to regularly update and maintain accurate records using the New Mexico Exhibit Schedule of Oil and Gas Leases Form 2. This form provides a standardized template that captures essential details such as the leaseholder's name, lease start and end dates, royalty rates, and any additional stipulations or exceptions applicable to the lease. Keeping an up-to-date and well-maintained New Mexico Exhibit Schedule of Oil and Gas Leases Form 2 is crucial for regulatory compliance, revenue collection, and decision-making processes related to the oil and gas industry. The comprehensive information provided in this form helps government agencies, leaseholders, and other stakeholders to effectively manage lease agreements, monitor development activities, and foster responsible utilization of the state's oil and gas resources. By utilizing the New Mexico Exhibit Schedule of Oil and Gas Leases Form 2, the state of New Mexico can ensure that the oil and gas industry operates in a transparent and sustainable manner, contributing to both economic growth and environmental stewardship.