N.M. Stat. § 19-10-7
Exploratory form of lease; different term of years.
A. When issuing an oil and gas lease on the exploratory lease form, if the conditions
of the tract subject to the lease are such that a different term of years for the lease is
warranted, the commissioner in his discretion may issue the lease for a primary term of
five years with no secondary term.
B. Any deviations from the lease form set forth in Section 19-10-4.1 NMSA 1978
pursuant to Subsection A of this section shall be specified in the notice of the lease sale
as required under Section 19-10-17 NMSA 1978.