N.M. Stat. § 48-9-4
Validity of security interest and lien; possession.
The validity of the purchase money security interest and lien granted to an interest
owner under the provisions of the Oil and Gas Products Lien Act shall not be dependent
upon possession of the product by an interest owner or operator and no such purchase
money security interest or lien shall become or be deemed to be void or expired by
reason of a change or transfer of the actual or constructive possession or title of the
product from the interest owner or an operator to an operator or purchaser.