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Lea County, NM - Oil & Gas Discussion

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Lea County, NM - Oil & Gas Discussion

Oil & gas discussion group for those interested in Lea County, NM. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.

Members: 196
Latest Activity: on Thursday

Discussion Forum

What Comes Next?

Started by Luke Alexander. Last reply by Diann Owens Nov 28. 2 Replies

I own 320 nma in Sec. 14 & 23, T15-S, R23-E in Lea County, NM.. This is just NE of Lovington.After having leased it out to various people over the years, I leased it to a group that puts together…Continue

T13S R38E Area Leasing

Started by Diann Owens Nov 21. 0 Replies

Does anyone know which companies are leasing in this area and what terms they are offering?  Any help would be appreciatedThank youContinue

Lease offer

Started by Mark. Last reply by Rick Nov 5. 1 Reply

I received a lease offer on some property in Lea County - S11 T16S R37E and S14 T16S R37E.They are offering $750/acre bonus and 25% Royalty for 3 yr + 2 yr Option.Does this sound like a good deal?Continue

Alamo Peak

Started by Stuart Givot. Last reply by Stuart Givot Nov 3. 2 Replies

Does anybody have any information regarding Alamo Peak, Royalties, LLC?They are located in Midland ,TX.Continue

Comment Wall

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Comment by Jay Jeffrey Jones on November 28, 2017 at 8:23am

Has anyone been approached by or sold their mineral interests to a company named Black Tower Resources (based Fort Worth)?


Pro
Comment by Wade Caldwell on November 20, 2017 at 5:37pm

Article discussing economics behind surge of activity in SE New Mexico.

https://oilprice.com/Energy/Crude-Oil/Is-This-The-New-Sweet-Spot-Fo...

Comment by Stuart Givot on October 12, 2017 at 2:54pm

If I wanted to hire a landman familiar with Lea County how would I go about  it? 

Comment by Bart Barton on August 10, 2017 at 6:16pm
None yet. Eddy Co will go online Dec 2017. Lea hasn't announced doing that.
Comment by Texas Tea on August 10, 2017 at 1:36pm

Not to my knowledge that goes back that far.  There are a few that go back to the mid-1990's.  But I would love to be wrong!

Comment by William Douglas Archer on August 10, 2017 at 11:07am

Are there no online services like courthousedirect or texasfile?

Comment by Bart Barton on August 10, 2017 at 8:51am

By going to the courthouse in Lovington or an abstract office in Lovington or Hobbs, or hiring a landman to go for you.

Comment by William Douglas Archer on August 9, 2017 at 11:57am

What is the easiest way to pull records from Lea County?  This might go back to 1935 or so.

Thanks.

Comment by William Douglas Archer on August 4, 2017 at 12:30pm

thank you David, spoke with former CFO who stated that royalty payments had been mailed but his irritable manner indicated to me that others might also be calling on this topic. 

Comment by David A. Barbour on August 4, 2017 at 12:15pm

The US Bankruptcy Court ordered approving the sale of substantially all of the assets of Paladin Energy Corporation on July 24, 2017. The Court has authorized the debtor to sell substantially all of the assets to POGO Resources, LLC for a purchase price of $9 million plus assumption of assumed liabilities.

 

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