Unitization Change of Operator Check List - New Mexico

Unitization Change of Operator Check List is a legal document that was released by the New Mexico State Land Office - a government authority operating within New Mexico.

FAQ

Q: What is a unitization change?
A: A unitization change refers to the alteration of the boundaries or ownership interests of a unitized oil or gas field.

Q: Who can initiate a unitization change in New Mexico?
A: Any owner of a leasehold interest within the unitized oil or gas field can initiate a unitization change in New Mexico.

Q: What is the purpose of a unitization change?
A: The purpose of a unitization change is to ensure the efficient and economical development and recovery of oil and gas resources in a unitized field.

Q: How is a unitization change application filed in New Mexico?
A: A unitization change application is filed with the New Mexico Oil Conservation Division.

Q: What information is required in a unitization change application?
A: A unitization change application should include details about the proposed change, maps of the affected area, estimates of reserves, and an explanation of the basis for the requested change.

Q: How long does it take for a unitization change to be approved in New Mexico?
A: The timeframe for approval of a unitization change varies depending on the complexity of the application and the regulatory process, but it typically takes several months to complete.

Q: Are public hearings held for unitization change applications in New Mexico?
A: Yes, public hearings are typically held by the New Mexico Oil Conservation Commission to allow for input from interested parties before a decision is made on a unitization change application.

Q: What are the potential benefits of a unitization change?
A: Some potential benefits of a unitization change include improved recovery rates, reduced waste, optimized field development, and enhanced resource management.

Q: Can a unitization change be opposed by other parties?
A: Yes, other parties have the right to oppose a unitization change application by providing supporting evidence and attending public hearings.

Q: What happens after a unitization change is approved?
A: After a unitization change is approved, the boundaries or ownership interests of the unitized field are altered, and operators must comply with the new unitization agreement and operate according to the approved plan.