What is a Communitization agreement?

§ 3217.11 What are communitization agreements? Under communitization agreements (also called drilling agreements), operators who cannot independently develop separate tracts due to well-spacing or well development programs may cooperatively develop such tracts.

How do I transfer mineral rights in New Mexico?

If the land is part of the state trust, contact New Mexico’s State Land Office Mineral Program for more information at (505) 827-5750. It is perfectly legal and quite common to transfer mineral rights in New Mexico. Some landowners choose to retain some rights to the land but assign record title ownership to a miner.

What does Communitization mean?

The transfer of responsibility
Filters. The transfer of responsibility (for something) to the European Community. noun.

How much does a Landman cost?

What Will it Cost to Hire a Landman? Landmen typically charge by the day rather than by the hour. Expect to pay somewhere between $350-$600 per day, depending on the landman’s credentials and location. Land work often requires travel to another county in order to perform title searches.

What are the requirements for a communitization agreement?

There are relatively few requirements for communitization agreements, but the applicant must usually provide sufficient information so the authorized officer can make a determination that it would be in the best interests of conservation and of the United States for the federal leasehold to be communitized. [6]

When do federal leases need to be communitized?

The communitization agreement must be filed prior to the expiration of the federal leases to be communitized. [19] The regulations require that the communitization agreement be filed in triplicate with the proper BLM office. [20] If state lands are involved one additional counterpart must be submitted.

Is the New Mexico State Land Office responsible for?

The New Mexico State Land Office assumes no responsibility or liability for, or in connection with, the accuracy, reliability or use of the information provided here.

How to check lease assignment in New Mexico?

Lease Assignment: Search for active lease assignments. Lease Assignment History: List lease assignment history. Unit Inquire: Lookup unitization information. Unit Boundaries: Lookup unitization boundaries information. List Active Leases: Retrieve a list of leases belonging to a lessee (company).