Shut-In Oil Well Notification Form - New Mexico

Shut-In Oil Well Notification Form is a legal document that was released by the New Mexico State Land Office - a government authority operating within New Mexico.

FAQ

Q: What is a Shut-In Oil Well Notification Form?A: A Shut-In Oil Well Notification Form is a document that must be filled out and submitted to the appropriate regulatory agency in New Mexico to inform them of the decision to temporarily shut-in an oil well.

Q: Why would an oil well be shut-in?A: There are several reasons why an oil well may be shut-in, including low oil prices, mechanical issues, or a lack of demand for the produced oil.

Q: Who needs to fill out a Shut-In Oil Well Notification Form?A: The operator or leaseholder of the oil well is responsible for filling out and submitting the Shut-In Oil Well Notification Form.

Q: What information is required in the Shut-In Oil Well Notification Form?A: The Shut-In Oil Well Notification Form typically requires information such as the well identification number, lease information, reason for shutting in the well, expected duration of the shut-in period, and contact information for the operator or leaseholder.

Q: Is there a fee for submitting the Shut-In Oil Well Notification Form?A: The specific fee requirements for submitting the Shut-In Oil Well Notification Form may vary depending on the regulatory agency and applicable regulations in New Mexico.

Q: Are there any consequences for not submitting a Shut-In Oil Well Notification Form?A: Failure to submit a Shut-In Oil Well Notification Form when required by regulations can result in penalties and fines imposed by the regulatory agency in New Mexico.