Section 19-13-14 - Cooperative development or operation. - New Mexico Statutes

19-13-14. Cooperative development or operation.

For the purpose of more properly conserving the  natural resources of any geothermal resources lands, or any part thereof, the holders of leases may unite with each other or with others in collectively adopting and operating under a cooperative or unit plan of development or operation of such geothermal resources lands whenever determined and certified by the commissioner to be necessary or advisable in the public  interest. The commissioner may, with the consent of the holders of leases involved, establish, alter, change or revoke any  drilling and production requirement of such leases, permit apportionment of production, and may make such regulations with  reference to such leases, with like consent on the part of the persons holding the leases, in connection with the institution  and operation of any such cooperative or unit plan, as the commissioner deems necessary or proper to secure the proper protection of the interests of the state.