I inherited some land in Eddy County New Mexico. First, I am trying to even find it on a map somehow but all I have are the coordinates Im assuming. I was also approached by a company for a lease of the property and would like to find out if the terms offered are fair or if I need to counter. Is that such a thing?
Any help would be appreciated.
You can counter, sure.
You stand a better chance of meaningful feedback if you posted what you have in terms of legal description. Like T20S R30E Sec 14 or similar.
Property details: Section 14, T17S, R25E Eddy County, New Mexico.
You are pretty far afield. Honestly I’m not real sure what anyone would be intending to do with a lease. It’s likely not going to be a whole lot per acre.
There were a couple of Fed leases auctioned off 5 miles south of you in early 2019 for +/- $800/acre. I’d guess somebody is offering you half of that or something as those leases were closer to possible Yeso play.
You can find a general map on the state website online. Just google NMOCD GIS. Zoom in north or carlsbad until you find 17S 25E. Here is a map that I have. Good luck
