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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How much does a New Mexico mineral lease bond cost?
5% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
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
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renewal falls on the statutory date, October 8, in the year your term ends.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
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 sets the price
The premium is 5% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, one 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.
Price and requirements checked on the carrier’s application, . Page updated .
Mineral lease bond, issued today.
Pricing from $100, soft pull only. Enter the amount the Commissioner set.