{"data":{"id":"us-nm/19-10-4","jurisdiction":"us-nm","citation":"19-10-4","heading":"Authorization to lease; lease provisions.","body":"In issuing oil and gas leases, the commissioner shall:\nA. use the exploratory lease form as set forth in Section 19-10-4.1 NMSA 1978 for oil and gas leases of tracts classified as nonrestricted lands under Section 19-10-3 NMSA 1978;\nB. use the discovery lease form as set forth in Section 19-10-4.2 NMSA 1978 or the exploratory lease form for oil and gas leases of tracts classified as restricted lands and categorized as regular under Section 19-10-3 NMSA 1978; and\nC. use the development lease form as set forth in Section 19-10-4.3 NMSA 1978, the discovery lease form or the exploratory lease form for oil and gas leases of tracts classified as restricted lands and categorized as premium under Section 19-10-3 NMSA 1978; provided that in using the development lease form for a tract receiving less than ninety total percentage points under Section 19-10-3 NMSA 1978, the royalty rate shall not exceed three-sixteenths.","path":["Chapter 19 - Public Lands","ARTICLE 10 Lease of Oil and Gas Lands"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18519/index.do","current_through":"2025-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"04c381075bc263ba8ed1f2f5317c5cb229ac993992dfded850c5b7d428a4990e","source_id":"us-nm","stale":false,"prev":"us-nm/19-10-3","next":"us-nm/19-10-4.1"},"notice":"GroundRules: Original legal text. Not legal advice."}