New Mexico Statutes 19-8-31. Posting of open acreage; simultaneous applications
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When newly acquired acreage is posted to the tract books, or when other acreage is designated upon the tract books to be open acreage after having been previously leased or after having been withdrawn from leasing by the commissioner, all applications for mineral lease filed thereon within three (3) land office work days after such posting or designation shall be considered as simultaneous applications.
Terms Used In New Mexico Statutes 19-8-31
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC