New Mexico Change of Operator

State:
Multi-State
Control #:
US-OG-697
Format:
Word; 
Rich Text
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Description

This form allows any Non-Operator, once each calendar year, to assume the position of Operator, proveded the Non-Operator owns a a mandated percent of the contract area. The Non-Operator shall be bound for one (1) year to operate at its proposed savings.


New Mexico Change of Operator refers to the process of transferring or changing the operator of an oil and gas lease or well in the state of New Mexico. This change occurs when the original operator of the lease or well decides to assign, sell, or transfer their rights and responsibilities to another party. The New Mexico Change of Operator can occur due to various reasons, such as the original operator's desire to focus on other projects, financial difficulties, or the need for more experienced operators to maximize production. There are different types of New Mexico Change of Operator that can take place, including the following: 1. Assignment of Operating Rights: This type of change occurs when the operator of a lease or well voluntarily assigns their operating rights to another party. The assignee takes over all responsibilities and liabilities associated with the lease or well. 2. Sale of Operating Interests: In some cases, operators may choose to sell all or a portion of their operating interests in a lease or well to another party. This can be done through a formal sale agreement and requires approval from relevant authorities. 3. Operator ship Transfer: When the operator of a lease or well decides to transfer their operator ship to another company or individual, it is considered an operator ship transfer. This transfer involves a change in the party responsible for all operations, including well drilling, production, and maintenance. 4. Operator Qualification Transfer: In certain situations, the original operator may no longer meet the qualifications or requirements set by regulatory bodies. In such cases, the operator can transfer their responsibilities and operator ship to a more qualified party who aligns with the regulatory criteria. 5. Joint Operator ship: Occasionally, two or more operators may join forces to collectively operate a lease or well. This type of change involves the addition of a new operator to an existing operator, allowing for shared responsibilities and resources. New Mexico's oil and gas industry is known for its significant production potential, making the need for efficient change of operator processes crucial. The New Mexico Change of Operator ensures that lease or well operations continue seamlessly without disruptions, while allowing for optimal development and adherence to regulatory standards.

New Mexico Change of Operator refers to the process of transferring or changing the operator of an oil and gas lease or well in the state of New Mexico. This change occurs when the original operator of the lease or well decides to assign, sell, or transfer their rights and responsibilities to another party. The New Mexico Change of Operator can occur due to various reasons, such as the original operator's desire to focus on other projects, financial difficulties, or the need for more experienced operators to maximize production. There are different types of New Mexico Change of Operator that can take place, including the following: 1. Assignment of Operating Rights: This type of change occurs when the operator of a lease or well voluntarily assigns their operating rights to another party. The assignee takes over all responsibilities and liabilities associated with the lease or well. 2. Sale of Operating Interests: In some cases, operators may choose to sell all or a portion of their operating interests in a lease or well to another party. This can be done through a formal sale agreement and requires approval from relevant authorities. 3. Operator ship Transfer: When the operator of a lease or well decides to transfer their operator ship to another company or individual, it is considered an operator ship transfer. This transfer involves a change in the party responsible for all operations, including well drilling, production, and maintenance. 4. Operator Qualification Transfer: In certain situations, the original operator may no longer meet the qualifications or requirements set by regulatory bodies. In such cases, the operator can transfer their responsibilities and operator ship to a more qualified party who aligns with the regulatory criteria. 5. Joint Operator ship: Occasionally, two or more operators may join forces to collectively operate a lease or well. This type of change involves the addition of a new operator to an existing operator, allowing for shared responsibilities and resources. New Mexico's oil and gas industry is known for its significant production potential, making the need for efficient change of operator processes crucial. The New Mexico Change of Operator ensures that lease or well operations continue seamlessly without disruptions, while allowing for optimal development and adherence to regulatory standards.

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The Oil Conservation Division of the Energy, Minerals and Natural Resources Department regulates oil, gas, and geother- mal activity in New Mexico, including issuing well permits, ensuring abandoned wells are plugged and the land restored, and enforcing regulations and laws.

Who regulates the oil and gas exploration and production industry in New Mexico? Drilling and production on New Mexico State Trust Lands and on private lands is regulated by the New Mexico Oil Conservation Division.

You may call us at (575) 835-5402 for additional information. The New Mexico Oil Conservation Division maintains some production information . Production data for individual oil and gas wells are available through the Go-Tech site.

Energy, Minerals and Natural Resources Department.

The New Mexico Oil and Gas Justice and Reform Act Reforms the Basic Framework of the 1935 Oil and Gas Act to: Expand the duties and authorities of the Oil Conservation Commission (OCC) and Oil Conservation Division (OCD) to include: Protection of the environment, Protection of public health, and.

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Go to the Select Wells tab. If all wells in the selected properties are transferring, click Select All at the bottom. If not, click on each well. May 19, 2017 — District I. 1625 N. French Dr., Hobbs, NM 88240. Phone:(575) 393-6161 Fax:(575) 393-0720. District II. 811 S. First St., Artesia, NM 88210.A change of operator may result from a sale, assignment by a court, a change in operating agreement or other transaction. Under a change of operator, wells are ... Record Title: Primary ownership of an interest in an oil and gas lease including the obligation to pay rent, and the right to transfer and relinquish the lease. Fill out the form in our online filing application. Download a printable version of Form C-145 by clicking the link below or browse more documents and templates ... Notice of Unit Operator Transfer – 1.7.19 · Commingling Application 9.8.23. Other Gas and Oil Forms. Annual Rental Payor Change Request.DOC · Bid Application ... New Mexico MVD Online Change of Address Request Form | MVD10284 | Fill, Print, and Go! ... Get a new driver's license? Change my address with MVD? Register my new ... Fill out the form in our online filing application. Download a printable version of the form by clicking the link below or browse more documents and templates ... Proof of identity and New Mexico residency is only required for that one owner, who should be listed as the first individual owner on the vehicle's registration ... Jan 26, 2022 — Proof of a valid New Mexico vehicle insurance policy (if you don't have an NM vehicle insurance policy yet, you need to complete a title-only ...

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New Mexico Change of Operator