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FORM O and G B-B - New Mexico - Energy, Minerals and Natural - emnrd state nm

FORM O and G B-B - New Mexico - Energy, Minerals and Natural - emnrd state nm 2025

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The document is a $50,000 Blanket Plugging Bond form for the State of New Mexico, outlining the obligations of a principal and surety in relation to the drilling and proper abandonment of oil and gas wells. It specifies the conditions under which the bond is valid, including compliance with state regulations, and includes sections for acknowledgment by notaries for individuals and corporations.

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How to use or fill out FORM O and G B-B - New Mexico - Energy, Minerals and Natural - emnrd state nm

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Click ‘Get Form’ to open it in the editor.
Begin by filling in the 'Principal' section with the name of the individual or entity responsible for the bond. Ensure that if operating under a DBA, you include that information.
Next, complete the 'Surety' section with the name of the corporation providing the surety bond. This is crucial for legal accountability.
In the 'Bond No.' field, enter your unique bond number to identify this specific document.
Proceed to fill out any additional details regarding well operations as required by the form, ensuring compliance with New Mexico regulations.
Finally, have all parties sign where indicated and ensure notarization is completed for validity.

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Who regulates oil and gas in New Mexico?

Oil, gas, and geothermal activities in New Mexico are regulated by the Oil Conservation Division (OCD).

What is the New Mexico Oil and Gas Act?

The New Mexico Oil and Gas Justice and Reform Act Reforms the Basic Framework of the 1935 Oil and Gas Act to: Expand the duties and authorities of the Oil Conservation Commission (OCC) and Oil Conservation Division (OCD) to include: Protection of the environment, Protection of public health, and.

Who regulates the oil and gas industry in New Mexico?

The Oil Conservation Division regulates oil and gas activity in New Mexico.

What is the oil and gas tax in New Mexico?

State taxes on oil and gas: o 4% emergency school tax on natural gas, 3.15% on crude oil; g y g , ; o 3.75% severance tax; o 1 to 1.5% ad valorem tax (based on a formula), o 0.19% conservation tax on crude oil, 0.24% on natural gas; and o $0.0082/MMBTU natural gas processors tax (based on a formula).

How did the new oil and gas industry help New Mexico?

Not only does the industry produce the oil and natural gas needed to power and fuel our state, but the industry also contributes to the wellbeing of all New Mexicans in a number of ways. The oil and natural gas industry employees over 100,000 New Mexicans.

What is the Powering Up New Mexico Act?

The Powering Up New Mexico Act takes a thoughtful and comprehensive approach to address these challenges. Building Once, Building Right: Reduces costs by requiring utilities to right-size and future- proof grid investments consistent with state law and regulations.

FORM O and G B-B - New Mexico - Energy, Minerals and Natural - emnrd state nm 2025

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Who regulates oil and gas in New Mexico?

What is the New Mexico Oil and Gas Act?

Who regulates the oil and gas industry in New Mexico?

What is the oil and gas tax in New Mexico?

How did the new oil and gas industry help New Mexico?

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What is the Powering Up New Mexico Act?

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FORM O and G B-B - New Mexico - Energy, Minerals and Natural - emnrd state nm 2025

Here's how it works

How to use or fill out FORM O and G B-B - New Mexico - Energy, Minerals and Natural - emnrd state nm

Complete this form in 5 minutes or less

Got questions?

Who regulates oil and gas in New Mexico?

What is the New Mexico Oil and Gas Act?

Who regulates the oil and gas industry in New Mexico?

What is the oil and gas tax in New Mexico?

How did the new oil and gas industry help New Mexico?

Related Searches

People also ask

What is the Powering Up New Mexico Act?

Related links

Try more PDF tools