Any person obligated to pay royalties pursuant to a producing oil and gas lease issued by the commissioner shall make reports and remittance of state oil and gas royalty through the oil and natural gas administration and revenue database system pursuant to rules and regulations of the commissioner. History: 1953 Comp., § 7-11-50, enacted by Laws 1959, ch. 51, § 1; 1977, ch. 249, § 14; 1994, ch. 102, § 2. ANNOTATIONSThe 1994 amendment, effective May 18, 1994, deleted 'Of Public Lands; Amendment of State Oil and Gas Leases' following 'Commissioner' in the section heading, and rewrote the section, which read 'Any owner of a producing oil and gas lease heretofore or hereafter issued by the commissioner of public lands and maintained in good standing according to the terms and conditions thereof and all applicable statutes and regulations may, in accordance with rules and regulations to be prescribed by the commissioner of public lands make reports and remittance of state oil and gas royalty through the oil and gas accounting division of the taxation and revenue department.'
New Mexico Legal Code