There Is a Newer Version
of
the New Mexico Statutes
2011 New Mexico Statutes
Chapter 70: Oil and Gas
Article 7: Statutory Unitization Act, 70-7-1 through 70-7-21
Section 70-7-15: Liability for expenses.
Universal Citation:
NM Stat § 70-7-15 (1996 through 1st Sess 50th Legis)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
70-7-15. Liability for expenses.
The obligation or liability of each working interest owner in the several separately owned tracts in the unit for the payment of unit expense at all times shall be several and not joint or collective, and a working interest owner shall not be chargeable with, obligated or liable for, directly or indirectly, more than the amount apportioned, assessed or otherwise charged to his interest in the separately owned tract pursuant to the order of unitization.
Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
