N.M. Code R. § 19.2.3.14
If minerals in commercial quantities shall be discovered on the leased lands, the lessee shall be required to develop and produce the same in commercial quantities with reasonable diligence; provided, however, the commissioner may, after hearing, authorize the suspension of production on such lease or leases for a period not to exceed five (5) years at any one (1) time and in no event shall any suspension be for more than ten (10) years from the date on which the term of the lease would have expired in the absence of suspension of production. Suspensions under this Rule will not be granted unless the commissioner finds:
C. temporary marketing conditions are such that the lease cannot be mined and operated except at a loss. Suspensions hereunder extend the term of the lease to coincide with the term of the suspension.
[12/31/1999; 19.2.3.14 NMAC - Rn, 19 NMAC 3. SLO 3.14, 9/30/2002]