Eddy Co mineral rights


#1

Me and my siblings inherited around 33 acres mineral rights in eddy county. We have received a couple of offers and would like to have a better understanding of what it is worth. I own only about 5 of those acres Section 25 NE/4,SE/4 Section 30 Lot1, lot 2, SE/4NW/4 If someone could let me know I would be grateful.


#2

Hey Leslie, will you provide your township and range? Additionally, if you post to the county/state thread your land is in, you’ll probably get more responses.


#3

Leslie,
Is this Eddy County, New Mexico?


#4

Yes, Eddy county New Mexico. Township 23 South, Range 28 East N.M.P.M. Section 25 NE/4, SE/4. Township 23 South, Range 29 East N.M.P.M. Section 30 Lot 1, Lot 2, SE/4NW/4.


#5

You didn’t specify whether it was to lease or sell, but you’re in a pretty hot area. There’s a pretty notable lease comp a section south of yours that went for $35K in March of this year! Seeing as it’s a 1/8th lease it makes a little more sense why the bonus was so high - the lessee basically bought half the mineral interest. Either way, lease-wise I would say somewhere around $15K with a high royalty would be a minimum target; sell-wise, $30-50K would be a good target range.

Your lands are in red:


#6

Can you please tell me where you found the data on the lease bonus/acre amounts shown in your pic. Thank you! Bert.