New Mexico § 19-10-68 - Application for preference in sale of royalty oil; requirements

§ 19-10-68. Application for preference in sale of royalty oil; requirements

A petroleum refinery within the state unable to purchase in the open market at prevailing

prices an adequate supply of refinery charge stocks of a quality to meet the needs

of its existing petroleum refinery capacity may file an application and supporting

documents with the oil conservation commission. Such application shall be filed in triplicate and must be accompanied by a detailed

statement containing the following information: A. the full name and address of the applicant; the location of the petroleum refinery;

a complete disclosure of applicant's affiliation or association with any other petroleum

refiner of oil if such relationship exists; and reasons for believing that applicant

is entitled to a preference under this act, including a full showing of efforts made

to purchase refinery charge stocks in the open market; B. the capacity of the refinery to be supplied and the amount, source and grade of

all refinery charge stocks currently available to the applicant petroleum refiner

by purchase; and C. the minimum amount and grade of additional refinery charge stocks needed to meet

existing refinery commitments or existing refinery capacity, the field or fields which

the petroleum refiner believes offer a potential source of refinery charge stocks

supply because of proximity to its refinery and the available transportation facilities

which the refiner proposes to utilize.