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Current as of January 01, 2024 | Updated by Findlaw Staff
A. The sale or purchase or acquisition, or the transportation, refining, processing or handling in any other way, of crude petroleum oil or natural gas in whole or in part produced in excess of the amount allowed by any statute of this state, or by any provision of this act, or by any rule, regulation or order of the commission or division made thereunder, is hereby prohibited, and such oil or commodity is hereby referred to as “illegal oil” or “illegal gas,” as the case may be.
B. The sale or purchase or acquisition, or the transportation, refining, processing or the handling in any other way, of any product of crude petroleum or any product of natural gas, which product is derived in whole or in part from crude petroleum oil or natural gas produced in whole or in part in excess of the amount allowed by any statute of this state, or by any provisions of this act, or by any rule, regulation or order of the commission or division made thereunder, is hereby prohibited, and each such commodity or product is herein referred to as “illegal oil product” to distinguish it from “legal oil product,” or “illegal gas product” to distinguish it from “legal gas product.”
Cite this article: FindLaw.com - New Mexico Statutes Chapter 70. Oil and Gas § 70-2-21. Purchase, sale or handling of excess oil, natural gas or products prohibited - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-70-oil-and-gas/nm-st-sect-70-2-21/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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