There Is a Newer Version
of
the New Mexico Statutes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 70-7-16: Division orders.
Universal Citation:
NM Stat § 70-7-16 (1996 through 1st Sess 50th Legis)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
70-7-16. Division orders.
A. No division order or other contract relating to the sale or purchase of production from a separately owned tract shall be terminated by the order providing for unit operations, but shall remain in force and apply to oil and gas allocated to such tract until terminated in accordance with the provisions thereof.
B. For purposes of this section, "division order" shall mean a contract of sale to the purchaser of oil and gas.
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