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New Mexico mineral lease bonds.
From $100.
When a mineral lessee develops New Mexico lands the state sold while reserving the minerals, the lessee or operator must file a damage bond with the Commissioner of Public Lands under NMSA 19-10-26, in an amount the Commissioner fixes, not less than $2,000. Pricing starts from $100.
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Three steps. One sitting.
Enter your amount, consent to a soft pull, and pay. Here is the whole thing:
Apply online
Your business details, the bond amount the Commissioner required, the lease information, and an effective date — plus a one-time soft-pull consent.
Approved
Most are approved as soon as you apply. The soft credit pull never affects your score. If it needs a second look, one to two business days at most.
File with the State Land Office
Receive the executed bond ready to file with the Commissioner of Public Lands before you commence development. Wet-ink originals mailed on request.
What it is and who needs it.
What the mineral lease bond actually covers
New Mexico's State Land Office sometimes sells the surface of trust lands while reserving the minerals to the state. When a mineral lessee later wants to develop those reserved minerals, the surface owner's interests have to be protected — that is what this bond does, under NMSA 19-10-26.
Before commencing development or operations, the lessee or operator must file with the Commissioner of Public Lands a good and sufficient bond — in an amount the Commissioner fixes, not less than $2,000 — in favor of the state for the benefit of the surface purchaser. It secures payment for damage to the livestock range, water, crops, or tangible improvements on the land.
If the surface purchaser executes and files a written waiver of the bond, development may proceed without it. Otherwise, enter the amount the Commissioner set — pricing is 5% of the bond amount, $100 minimum, and runs one soft credit pull that never affects your score.
You need this bond if you are
One application, plus a soft pull.
Submit the application with the bond amount the Commissioner set and a one-time soft-pull consent — your bond is issued when you pay.
Start the application →Common questions.
Other New Mexico bonds.
Mineral lease bond, issued today.
Pricing from $100, soft pull only. Enter the amount the Commissioner set.