N.M. Stat. § 19-8-9

§ 19-8-9. Suspension of production; authorization by commissioner of public lands; extension of primary term of lease; secondary term of lease not determined by

Year: 2026Length: 83 words
Provided the lessee complies with all other terms and conditions of the lease, a suspension of production authorized by the commissioner of public lands shall: A. if it occurs during the fixed or primary term of such lease, extend the term of such lease for a period of time equal to the period of such suspension; or B. if it occurs during the indeterminable or secondary term of such lease, prevent the lease from determining in accordance with the limitation of such lease.
N.M. Stat. § 19-8-9: § 19-8-9. Suspension of production; authorization by commissioner of public lands; extension of primary term of lease; secondary term of lease not determined by | Justis AI