New Mexico § 70-2-15 - Allocation of allowable production among fields when division limits total amount of production
Full text of New Mexico New Mexico Statutes Annotated § 70-2-15 — Allocation of allowable production among fields when division limits total amount of production, with citation guidance and answers to common questions.
§ 70-2-15. Allocation of allowable production among fields when division limits total amount of production
Whenever, to prevent waste, the division limits the total amount of crude petroleum
oil to be produced in this state, it shall allocate or distribute the allowable productions
among the fields of the state. Such allocation or distribution among the fields of the state shall be made on a
reasonable basis, giving, if reasonable under all circumstances, to each pool with
small wells of settled production, an allowable production which will prevent a general
premature abandonment of the wells in the field.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 70-2-15
What does New Mexico Statutes Annotated § 70-2-15 cover?
Section 70-2-15 ("Allocation of allowable production among fields when division limits total amount of production") 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 § 70-2-15?
A common citation format is "New Mexico Statutes Annotated § 70-2-15" (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 § 70-2-15 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.