There Is a Newer Version
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the New Mexico Statutes
2011 New Mexico Statutes
Chapter 70: Oil and Gas
Article 2: Oil Conservation Commission; Division; Regulation of Wells, 70-2-1 through 70-2-38
Section 70-2-15: Allocation of allowable production among fields when division limits total amount of production.
Universal Citation:
NM Stat § 70-2-15 (1996 through 1st Sess 50th Legis)
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70-2-15. Allocation of allowable production among fields when division limits total amount of production.
Whenever, to prevent waste, the division limits the total amount of crude petroleum oil to be produced in this state, it shall allocate or distribute the allowable productions among the fields of the state. Such allocation or distribution among the fields of the state shall be made on a reasonable basis, giving, if reasonable under all circumstances, to each pool with small wells of settled production, an allowable production which will prevent a general premature abandonment of the wells in the field.
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