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Lea county NM oil & gas lease rates

1,093 Views | 6 Replies | Last: 5 mo ago by AgCPA95
AgCPA95
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4:33p, 6/15/24
AG
Trying to get some info to help some family members on current average rate for net mineral acres on Oil and Gas Leases in Lea County New Mexico.

Any advice or guidance on finding out what are reasonable going rates? I have more details I can share or DM.

Thanks!
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birdman
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6:21p, 6/15/24
Do they own 8/8ths? Do they own surface? How many acres do they control?
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PeekingDuck
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6:30p, 6/15/24
AG
The average rate is high to very high.
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Drillbit4
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8:47p, 6/15/24
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If they haven't been leased or pooled yet, I'm guessing it is not in-basin and is up on the shelf. I'll shoot you a dm.
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Gordo14
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In reply to Drillbit4 • 1:28a, 6/16/24
Drillbit4 said:
If they haven't been leased or pooled yet, I'm guessing it is not in-basin and is up on the shelf. I'll shoot you a dm.


If you are independently looking into it, the minerals are unlikely to be particularly valuable so I wouldn't get your hopes up. If you have been approached by unsolicited offers then that may be a different story.
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AgCPA95
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In reply to birdman • 12:07p, 6/16/24
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birdman said:
Do they own 8/8ths? Do they own surface? How many acres do they control?


No surface. 50% minerals. 320 acres
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AgCPA95
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In reply to Gordo14 • 12:09p, 6/16/24
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Landman reached out unsolicited
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