New Mexico § 70-2-33 - Definitions

§ 70-2-33. Definitions

As used in the Oil and Gas Act: A. “ person ” means: (1) any individual, estate, trust, receiver, cooperative association, club, corporation,

company, firm, partnership, joint venture, syndicate or other entity; or (2) the United States or any agency or instrumentality thereof or the state or any

political subdivision thereof; B. “ pool ” means an underground reservoir containing a common accumulation of crude petroleum

oil or natural gas or both. Each zone of a general structure, which zone is completely separate from any other

zone in the structure, is covered by the word “pool” as used in the Oil and Gas Act. “Pool” is synonymous with “common source of supply” and with “common reservoir”; C. “ field ” means the general area that is underlaid or appears to be underlaid by at least

one pool and also includes the underground reservoir or reservoirs containing the

crude petroleum oil or natural gas or both. The words “ field ” and “ pool ” mean the same thing when only one underground reservoir is involved; however, “field”,

unlike “pool”, may relate to two or more pools; D. “ product ” means any commodity or thing made or manufactured from crude petroleum oil or natural

gas and all derivatives of crude petroleum oil or natural gas, including refined crude

oil, crude tops, topped crude, processed crude petroleum, residue from crude petroleum,

cracking stock, uncracked fuel oil, treated crude oil, fuel oil, residuum, gas oil,

naphtha, distillate, gasoline, kerosene, benzine, wash oil, waste oil, lubricating

oil and blends or mixtures of crude petroleum oil or natural gas or any derivative

thereof; E. “ owner ” means the person who has the right to drill into and to produce from any pool and

to appropriate the production either for the person or for the person and another; F. “ producer ” means the owner of a well capable of producing oil or natural gas or both in paying

quantities; G. “ gas transportation facility ” means a pipeline in operation serving gas wells for the transportation of natural

gas or some other device or equipment in like operation whereby natural gas produced

from gas wells connected therewith can be transported or used for consumption; H. “ correlative rights ” means the opportunity afforded, so far as it is practicable to do so, to the owner

of each property in a pool to produce without waste the owner's just and equitable

share of the oil or gas or both in the pool, being an amount, so far as can be practicably

determined and so far as can be practicably obtained without waste, substantially

in the proportion that the quantity of recoverable oil or gas or both under the property

bears to the total recoverable oil or gas or both in the pool and, for such purpose,

to use the owner's just and equitable share of the reservoir energy; I. “ potash ” means the naturally occurring bedded deposits of the salts of the element potassium; J. “ casinghead gas ” means any gas or vapor or both indigenous to an oil stratum and produced from such

stratum with oil, including any residue gas remaining after the processing of casinghead

gas to remove its liquid components; K. “ produced water ” means a fluid that is an incidental byproduct from drilling for or the production

of oil and gas; L. “ commission ” means the oil conservation commission; and M. “ division ” means the oil conservation division of the energy, minerals and natural resources

department.