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2011 New Mexico Statutes
Chapter 70: Oil and Gas
Article 7: Statutory Unitization Act, 70-7-1 through 70-7-21
Section 70-7-13: Income from unitized substances.


NM Stat § 70-7-13 (1996 through 1st Sess 50th Legis) What's This?

70-7-13. Income from unitized substances.

The portion of the unit production allocated to any tract, and the proceeds from the sale thereof, shall be the property and income of the several persons to whom, or to whose credit, the same are allocated or payable under the order providing for unit operations.

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