Any owner of an oil and gas lease heretofore issued by the commissioner of public lands and maintained in good standing according to the terms and conditions thereof and all applicable statutes and regulations may, in accordance with regulations prescribed by the commissioner of public lands, enter into a stipulation bringing helium gas within the terms of any such existing lease, the same as if helium gas had been covered by the lease agreement from the date it was first entered into.
History: 1953 Comp., § 7-11-3.3, enacted by Laws 1963, ch. 151, § 2.
ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Cross references. — For definition of "natural gas" as used in 19-10-1 to 19-10-52 NMSA 1978, now being construed to include helium gas, see 19-10-2 NMSA 1978.