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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: 202
Latest Activity: yesterday

Discussion Forum

What Comes Next?

Started by Luke Alexander. Last reply by JRW yesterday. 9 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

Full Disclosure

Started by Terrie Carroll-Taylor. Last reply by JRW on Tuesday. 2 Replies

Does anyone get full disclosure before they sign a lease? We have been getting offers for land in Sections 23 and 26 in 24S 34E...land we didn't know that we owned (still not sure). We just want a…Continue

Have not received a 1099-misc

Started by Russell Ensley. Last reply by Luke Alexander Feb 12. 1 Reply

I signed a lease last year with Odyssey Land & Acquisition last year but have not received a 1099-MISC. Is it required or standard practice for Mineral Acquisition(landmen) to send out 1099s? Continue

Full Disclosure

Started by Terrie Carroll-Taylor. Last reply by William Douglas Archer Feb 11. 1 Reply

Does anyone get full disclosure before they sign a lease? We have been getting offers for land in Sections 23 and 26 in 24S 34E...land we didn't know that we owned (still not sure). We just want a…Continue

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Comment by Judy Nickson on Monday

Awesome! Thanks Ken Cobb

Comment by ken Cobb on Monday

http://nm-emnrd.maps.arcgis.com/apps/webappviewer/index.html?id=4d0...

go here and scroll over with your mouse, find your range and township and see what's happening.

Comment by Judy Nickson on Monday

Ken Cobb, how do you view the GIS Maps? There seems to be a lot of interest in Lee County right now. We have signed four leases in the last 3 months.

Comment by ken Cobb on Monday

Looking at the GIS Map of that area, there is no active drilling or permitting happening. Thus your minerals won't be worth much if anything. but stranger things have happened.

Comment by Johnny Hukill on Monday

@N Case: RE: 6S 36E Section 2 - Lea County, New Mexico

Comment by N Case on Monday

@Hukill: Depends on where you are and the activity in the area... but I have seen $12K - $34K/ac in Lea Co.

Comment by Johnny Hukill on Sunday

I've been made an offer for my mineral rights but I'm not sure about the value. Looking at all the info I can find seems to indicate a very wide range of $ amounts. I'm not trying to be the top dog but also want to be in the fair value. I'm looking for those who are happy with their agreements & some $ balance.


Pro
Comment by Wade Caldwell on February 5, 2018 at 9:34am

Energy Briefs for Feb. 4 - Midland Reporter-Telegram

Post Lea County - Liles buys about 2800 NMA in Lea County.

http://www.mrt.com/business/oil/article/Energy-Briefs-for-Feb-4-125...


Pro
Comment by Wade Caldwell on February 1, 2018 at 12:03pm

Lilis Energy Unveils $70 Million Delaware Deal | Oil and Gas Investor

https://www.oilandgasinvestor.com/lilis-energy-unveils-70-million-d...

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)?

 

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