New Mexico § 19-10-7 - Exploratory form of lease; different term of years
Full text of New Mexico New Mexico Statutes Annotated § 19-10-7 — Exploratory form of lease; different term of years, with citation guidance and answers to common questions.
§ 19-10-7. Exploratory form of lease; different term of years
A. When issuing an oil and gas lease on the exploratory lease form, if the conditions
of the tract subject to the lease are such that a different term of years for the
lease is warranted, the commissioner in his discretion may issue the lease for a primary
term of five years with no secondary term. B. Any deviations from the lease form set forth in Section 19-10-4.1 NMSA 1978 pursuant to Subsection A of this section shall be specified in the notice of the
lease sale as required under Section 19-10-17 NMSA 1978 .
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 19-10-7
What does New Mexico Statutes Annotated § 19-10-7 cover?
Section 19-10-7 ("Exploratory form of lease; different term of years") 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 § 19-10-7?
A common citation format is "New Mexico Statutes Annotated § 19-10-7" (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 § 19-10-7 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.