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Section 70-7-5 - Requisites of application for unitization — New Mexico Law | CourtGPT
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New Mexico Legal Code

Section 70-7-5 - Requisites of application for unitization

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Any working interest owner may file an application with the division requesting an order for the unit operation of a pool or any part thereof. The application shall contain: A. a description of the proposed unit area and the vertical limits to be included therein with a map or plat thereof attached; B. a statement that the reservoir or portion thereof involved in the application has been reasonably defined by development; C. a statement of the type of operations contemplated for the unit area; D. a copy of a proposed plan of unitization which the applicant considers fair, reasonable and equitable; E. a copy of a proposed operating plan covering the manner in which the unit will be supervised and managed and costs allocated and paid; and F. an allegation of the facts required to be found by the division under Section 70-7-6 NMSA 1978. History: 1953 Comp., § 65-14-5, enacted by Laws 1975, ch. 293, § 5; 1977, ch. 255, § 111. ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 38 Am. Jur. 2d Gas and Oil §§ 164, 172. Compulsory pooling or unitization statute or ordinance requiring owners or lessees of oil and gas lands to develop their holdings as a single drilling unit and the

m. Jur. 2d Gas and Oil §§ 164, 172. Compulsory pooling or unitization statute or ordinance requiring owners or lessees of oil and gas lands to develop their holdings as a single drilling unit and the like, 37 A.L.R.2d 434.