New Mexico § 19-10-4 - Authorization to lease; lease provisions
Full text of New Mexico New Mexico Statutes Annotated § 19-10-4 — Authorization to lease; lease provisions, with citation guidance and answers to common questions.
§ 19-10-4. Authorization to lease; lease provisions
In issuing oil and gas leases, the commissioner shall: A. use the exploratory lease form as set forth in Section 19-10-4.1 NMSA 1978 for oil and gas leases of tracts classified as nonrestricted lands under Section 19-10-3 NMSA 1978; B. use the discovery lease form as set forth in Section 19-10-4.2 NMSA 1978 or the exploratory lease form for oil and gas leases of tracts classified as
restricted lands and categorized as regular under Section 19-10-3 NMSA 1978; and C. use the development lease form as set forth in Section 19-10-4.3 NMSA 1978 , the discovery lease form or the exploratory lease form for oil and gas leases of
tracts classified as restricted lands and categorized as premium under Section 19-10-3 NMSA 1978; provided that in using the development lease form for a tract receiving less
than ninety total percentage points under Section 19-10-3 NMSA 1978 , the royalty rate shall not exceed three-sixteenths.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 19-10-4
What does New Mexico Statutes Annotated § 19-10-4 cover?
Section 19-10-4 ("Authorization to lease; lease provisions") 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 § 19-10-4?
A common citation format is "New Mexico Statutes Annotated § 19-10-4" (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 § 19-10-4 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.