N.M. Admin. Code § 19.2.2.45 - SECONDARY TERM OF MINERAL LEASE
A. If minerals are not produced or mined in
paying quantities during the primary term, then the lessee may continue the
lease in full force and effect through a secondary term. The secondary term
shall be two years and so long thereafter as minerals are produced or mined in
paying quantities.
B. Annual rent
during the secondary term shall be ten dollars per acre, which amount shall be
paid each year in advance.
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