America’s conversation place for mineral owners
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.
Latest Activity: 3 hours ago
Hi, this is my first post on this forum. I have been offered a two year extension on a lease I signed and negotiated in 2011. The oil company did drill a well and has a successful, producing oil and…Continue
I'm new to the group and for the first time have been contacted about leasing my minerals in Lea county. These are in Sec. 28-11S-38E. Would appreciate any ideas on what is a fair lease amount per…Continue
We also got the lowball offer (550, 25 year lease) on some rights in T14s, R37e, and a bit in T15s, which we turned down.We consider this our most valuable rights because they are very close to…Continue