BLM New Mexico Proposed Reinstatement of Terminated Oil and Gas Lease NMNM141519
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
The Bureau of Land Management (BLM) has received a petition from lessee Enrique A. Cantu requesting reinstatement of competitive oil and gas lease NMNM141519, which had previously been terminated. The lease covers lands located in Chaves County, New Mexico, and was subject to competitive bidding under the Mineral Leasing Act of 1920. The lessee satisfied the procedural requirements for reinstatement: the petition was filed in a timely manner following termination, and all required rental payments accruing from the date of termination have been paid in full. Additionally, no new leases have been issued affecting the lands in question since the termination occurred. Based on the fulfillment of these conditions, the BLM is proposing to reinstate lease NMNM141519, effectively restoring the lessee's rights to explore and potentially extract oil and gas resources from the designated parcel in Chaves County, New Mexico.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Lease NMNM141519 in Chaves County, New Mexico is proposed for reinstatement after termination
- Lessee Enrique A. Cantu filed a timely petition for reinstatement under the Mineral Leasing Act of 1920
- All rental payments accruing from the date of termination have been paid in full by the lessee
+ 2 more changes with Pro
Obligations
What this law requires
File a timely petition for reinstatement following lease termination
Pay all required rental payments accruing from the date of lease termination in full
Submit reinstatement petition in accordance with the Mineral Leasing Act of 1920, as amended
Verify that no new leases have been issued affecting the lands in question since termination occurred before approving reinstatement
Process and evaluate reinstatement petitions for competitive oil and gas leases under the Mineral Leasing Act of 1920