New Mexico § 19-8-23 - Covenants to market and develop
Full text of New Mexico New Mexico Statutes Annotated § 19-8-23 — Covenants to market and develop, with citation guidance and answers to common questions.
§ 19-8-23. Covenants to market and develop
All leases issued under the provisions of this act shall contain provisions requiring
the lessees to market the mineral or minerals within a reasonable time after production
is had. In addition, said leases shall contain provisions requiring the lessees to use reasonable
diligence, after production is had, in prospecting for and developing all commercial
deposits of mineral or minerals. The commissioner may cancel leases for violation of such marketing and developing
provisions only after notice and in the manner as provided in Section 12 of this act,
and in all cases of controversy arising out of such cancellation the lessee shall
have the burden of proof by a preponderance of the evidence that further development
is not warranted, or is unreasonable, or that a market is not available, as the case
may be.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 19-8-23
What does New Mexico Statutes Annotated § 19-8-23 cover?
Section 19-8-23 ("Covenants to market and develop") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 19-8-23?
A common citation format is "New Mexico Statutes Annotated § 19-8-23" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 19-8-23 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.