New Mexico § 19-10-3 - Classification of state lands for oil and gas leasing
Full text of New Mexico New Mexico Statutes Annotated § 19-10-3 — Classification of state lands for oil and gas leasing, with citation guidance and answers to common questions.
§ 19-10-3. Classification of state lands for oil and gas leasing
A. For the purpose of issuing oil and gas leases thereon, all state lands under the
jurisdiction of the commissioner shall be classified as either nonrestricted or restricted. Those lands placed within a restricted district pursuant to Section 19-10-16 NMSA 1978 shall be classified as restricted lands. All other lands owned by the state under the jurisdiction of the commissioner shall
be classified as nonrestricted lands. Before leasing any tract of restricted land, it shall be further categorized as
either regular or premium based upon the following factors relating to the tract: (1) oil and gas trends; (2) oil and gas traps; (3) reservoir volume and recovery rating; (4) lease bonus rating; and (5) exploration and activity. A percentage of zero percent to twenty percent shall be allocated to each factor. If the total percentages of all factors for a tract of land to be leased is less
than seventy-five percent, the tract shall be categorized as regular. If the total percentage of all factors for a tract of land to be leased is seventy-five
percent or more, the tract shall be categorized as premium. B. After notice and hearing, the commissioner shall promulgate regulations specifying
criteria to be used in categorizing tracts pursuant to Subsection A of this section.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 19-10-3
What does New Mexico Statutes Annotated § 19-10-3 cover?
Section 19-10-3 ("Classification of state lands for oil and gas leasing") 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 § 19-10-3?
A common citation format is "New Mexico Statutes Annotated § 19-10-3" (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 § 19-10-3 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.