NMSA 19-10-7. Exploratory form of lease; different term of years
The commissioner may set an exploratory oil and gas lease at a five-year primary term with no secondary term when the tract’s conditions justify a different lease term, and any deviations from the lease form must be stated in the lease sale notice.
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- United States — New Mexico
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- en
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administrative discretion lease sale notice lease terms
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NMSA 19-10-7. Exploratory form of lease; different term of years
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