{"data":{"id":"us-nm/19-10-7","jurisdiction":"us-nm","citation":"19-10-7","heading":"Exploratory form of lease; different term of years.","body":"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.\nB. 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.","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":"2840f1e1036e3aad157e74937294d5dd701ebf3f0ad0d6fb47310e17e2571799","source_id":"us-nm","stale":false,"prev":"us-nm/19-10-6","next":"us-nm/19-10-8"},"notice":"GroundRules: Original legal text. Not legal advice."}