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Application and Renewal for Reduced Royalty Rate for Oil Wells - New Mexico
Application and Renewal for Reduced Royalty Rate for Oil Wells 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 the Reduced Royalty Rate for Oil Wells program?
A: The Reduced Royalty Rate for Oil Wells program is a program in New Mexico that allows for a reduced royalty rate on oil production.
Q: Who is eligible for the Reduced Royalty Rate for Oil Wells program?
A: Operators of oil wells in New Mexico are eligible to apply for the Reduced Royalty Rate for Oil Wells program.
Q: How can I apply for the Reduced Royalty Rate for Oil Wells program?
A: You can apply for the Reduced Royalty Rate for Oil Wells program by submitting an application to the New Mexico State Land Office.
Q: What is the deadline for applying for the Reduced Royalty Rate for Oil Wells program?
A: The deadline for applying for the Reduced Royalty Rate for Oil Wells program is the last day of the month following the month of production.
Q: How long does the Reduced Royalty Rate for Oil Wells program last?
A: The Reduced Royalty Rate for Oil Wells program lasts for a period of three years.
Q: What happens after the three-year period of the Reduced Royalty Rate for Oil Wells program?
A: After the three-year period, the royalty rate will revert to the standard rate of 20%.
Form Details:
- Released on January 1, 2023;
- The latest edition currently provided by the New Mexico State Land Office;
- Ready to use and print;
- Easy to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the New Mexico State Land Office.
Download Application and Renewal for Reduced Royalty Rate for Oil Wells - New Mexico
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