Legal Opinion

First Baptist Church v. Yates Petroleum Corp.

New Mexico Court of Appeals

Decided June 13, 2012No. 33,632; Docket No. 30,359PublishedCited by 2 opinions

1Opinion of the Court

OPINION

VIGIL, Judge.

{1} This case requires us to determine whether a contractual agreement to waive interest on proceeds owed to mineral owners of the rights to a well is rendered void by the New Mexico Oil and Gas Proceeds Payment Act (the Act), NMSA 1978, Sections 70-10-1 to -6 (1985, as amended through 1991). We conclude that the Act does not render such a contract void, and the district court having ruled otherwise, we reverse.

BACKGROUND

{2} Defendant is the operator of the “Runnin’ AZH Com. No. 1 Well.” Plaintiffs are owners of mineral rights to the well, and contend they are entitled to…

2Cases cited18 opinions

Sims v. SimsNew Mexico Supreme Court · 1996
Key v. Chrysler Motors Corp.New Mexico Supreme Court · 1996
High Ridge Hinkle Joint Venture v. City of AlbuquerqueNew Mexico Supreme Court · 1998
Morgan Keegan Mortgage Co. v. CandelariaNew Mexico Court of Appeals · 1997
United Wholesale Liquor Co. v. Brown-Forman Distillers Corp.New Mexico Supreme Court · 1989

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3Cited by2 opinions

First Baptist Church of Roswell v. Yates Petroleum Corp.New Mexico Court of Appeals · 2012
State v. JonesNew Mexico Supreme Court · 2025