Form O-32 "Lease Stipulation Form" - New Mexico

What Is Form O-32?

This is a legal form that was released by the New Mexico State Land Office - a government authority operating within New Mexico. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on December 1, 2014;
  • The latest edition provided by the New Mexico State Land Office;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form O-32 by clicking the link below or browse more documents and templates provided by the New Mexico State Land Office.

ADVERTISEMENT
ADVERTISEMENT

Download Form O-32 "Lease Stipulation Form" - New Mexico

247 times
Rate (4.3 / 5) 12 votes
ONLINE Version
NEW MEXICO STATE LAND OFFICE
Oil, Gas, & Minerals Division
STIPULATION
amending State of New Mexico Oil and Gas Lease: _______________ Assignment number: _________
to conform to lease form referenced in Subsection “A” or “B”, of Section 19-10-5 NMSA 1978
(LAWS 1985 CH. 195.)
WHEREAS, [type or print names] _______________________________________________________
____________________________________________________________________________________
____________________________________________________________________________________
(is) (are) the record title owner (s),
and ________________________________________________________________________________
____________________________________________________________________________________
(is) (are) the working interest owner (s) of the oil and gas lease set out in the caption hereof; and
WHEREAS, said lease is in good standing according to its terms and conditions and all applicable
statutes and regulations;
NOW, THEREFORE, pursuant to authority granted by Subsections A or B of Section 19-10-5 NMSA
1978, as applicable, it is hereby stipulated and agreed that the terms and conditions of said oil and gas
lease and of all assignments thereof are amended to conform to the terms and conditions of the current
lease form prescribed by Section 19-10-4.1 NMSA 1978 (for leases having a primary and secondary term
of 10 years), or Section 19-10-4.2 NMSA 1978 (for leases having a primary term of 5 years), as if said
form had been the original.
Record Title Owner(s) Signature(s): _____________________________________________________
___________________________________________________________________________________
Working Interest Owner(s) Signature(s): __________________________________________________
____________________________________________________________________________________
Approved this_______ day of _____________________, 20_____
_______________________________________
COMMISSIONER OF PUBLIC LANDS
O-32
Revised for web
20 4
ONLINE VERSION
1
ONLINE Version
NEW MEXICO STATE LAND OFFICE
Oil, Gas, & Minerals Division
STIPULATION
amending State of New Mexico Oil and Gas Lease: _______________ Assignment number: _________
to conform to lease form referenced in Subsection “A” or “B”, of Section 19-10-5 NMSA 1978
(LAWS 1985 CH. 195.)
WHEREAS, [type or print names] _______________________________________________________
____________________________________________________________________________________
____________________________________________________________________________________
(is) (are) the record title owner (s),
and ________________________________________________________________________________
____________________________________________________________________________________
(is) (are) the working interest owner (s) of the oil and gas lease set out in the caption hereof; and
WHEREAS, said lease is in good standing according to its terms and conditions and all applicable
statutes and regulations;
NOW, THEREFORE, pursuant to authority granted by Subsections A or B of Section 19-10-5 NMSA
1978, as applicable, it is hereby stipulated and agreed that the terms and conditions of said oil and gas
lease and of all assignments thereof are amended to conform to the terms and conditions of the current
lease form prescribed by Section 19-10-4.1 NMSA 1978 (for leases having a primary and secondary term
of 10 years), or Section 19-10-4.2 NMSA 1978 (for leases having a primary term of 5 years), as if said
form had been the original.
Record Title Owner(s) Signature(s): _____________________________________________________
___________________________________________________________________________________
Working Interest Owner(s) Signature(s): __________________________________________________
____________________________________________________________________________________
Approved this_______ day of _____________________, 20_____
_______________________________________
COMMISSIONER OF PUBLIC LANDS
O-32
Revised for web
20 4
ONLINE VERSION
1
Acknowledgment in an Individual Capacity
State of _______________________)
SS )
County of ______________________)
This instrument was acknowledged before me on _____________________ Date
by _____________________________________________________________
Name(s) of Person(s)
________________________________
(Notary Seal)
Signature of Notarial Officer
My commission expires: ________________
Acknowledgment in a Representative Capacity
State of __________________________)
SS)
County of _________________________)
This instrument was acknowledged before me on ________________________
Date
by _______________________________________________________________________________
Name(s) of Person(s)
as __________________________________________ of ___________________________________________________
Type of authority, e.g., officer, trustee, etc
Name of party on behalf of whom instrument was executed
__________________________________
Signature of Notarial Officer
(Notary Seal)
_________________
My commission expires:
When you provide a check as payment, you authorize the State of New Mexico to either use information from your check to make a one-time
electronic fund transfer from your account or to process the payment as a check transaction. Please be advised that payments will be
drafted from your account immediately upon receipt.
NOTE: Attach additional Acknowledgment pages if necessary, additional pages are available ONLINE
in the Oil and Gas Forms section of the SLO website.
FOR State Land Office USE ONLY
Legal Description of the lease and assignment being stipulated:
Subdivisions / Lots_________________________________________________________________,
Section _______, Township _______, Range _______
Term of original lease; please check one:
5 year (___)
10 year (___)
New lease term in effect as of the stipulation approval date:
LH (__)
V0 (__)
New rental rate per acre: ____________
(Based on prevailing rental rate, from the rental map, for the acreage in this lease and assignment)
O-32
Revised for web
20 4
ONLINE VERSION
2
Page of 2