No agreement between or among lessees or other owners of oil and gas rights in oil and gas properties entered into pursuant hereto or with a view or for the purpose of bringing about the unitized development or operation of such properties shall be held to violate any of the statutes of this state prohibiting monopolies or acts, arrangements, agreements, contracts, combinations or conspiracies in restraint of trade or commerce.
§ 70-7-19 NMSA 1978
Agreements not violative of laws governing monopolies or restraint of trade
Known as the Statutory Unitization Act
The act spans §§ 70-7-1 to 70-7-9 (21 sections).
1953 Comp., § 65-14-19, enacted by Laws 1975, ch. 293, § 19.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.