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rights in New Mexico are regulated by the Office of the State Engineer (OSE). Historically, the need for regulation of surface water came first, as farmers, miners, and other water users appropriated almost all of the available surface water. Many surface-water rights date from the 18th and 19th centuries.
Meet Elizabeth Anderson, the New Mexico State Engineer.
Irrigation water rights are appurtenant to the land, meaning that any conveyance of the land will carry the water right with it unless the water right is expressly reserved by the grantor. Walker v. United States, 2007-NMSC-038, 142 N.M. 45, 162 P.
Recent prices for water rights have ranged as high as $35,000 to $45,000 per right to consume an acre-foot each year in the Santa Fe area to $9,000 to $35,000 in the Middle Rio Grande to $2,400 in the Roswell Artesian Basin.
It is unlawful to drill a water well without a well drillers license.
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The land belongs to the state by virtue of its sovereignty. The state becomes the owner of both submerged and tidal-affected lands within Page 6 9-6 the boundaries of a state in fee simple on admission to the Union and holds them subject to the public trust for navigation, commerce, and fishing.
A: In New Mexico, the more senior water right holders typically include Native Americans, acequias, and agricultural water users. Junior water right holders typically include municipalities, as well as industrial, residential, and recreational water users.

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