# Lea county, new mexico
**URL:** https://www.mineralrightsforum.com/t/lea-county-new-mexico/35069
**Category:** Lea County, NM
**Created:** [October 12, 2018, 11:24pm UTC](https://www.mineralrightsforum.com/t/lea-county-new-mexico/35069 "2018-10-12T23:24:20Z")
**Posts on this page:** 14
**Page:** 1
### Author:  [@mary\_phillips](https://www.mineralrightsforum.com/u/mary_phillips)
#### Post date: [October 12, 2018, 11:24pm UTC](https://www.mineralrightsforum.com/t/lea-county-new-mexico/35069/1 "2018-10-12T23:24:21Z")
I have been offered $30,000 per net mineral acre in Section 33, Township 24 South-Range 36 East. Is this a good offer if I consider selling?
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### Author:  [@timmyd](https://www.mineralrightsforum.com/u/timmyd)
#### Post date: [October 13, 2018, 3:41am UTC](https://www.mineralrightsforum.com/t/lea-county-new-mexico/35069/2 "2018-10-13T03:41:53Z")
Mary, all I know is we own 186 NMA at 22-19S-32E, 23-19S-32E, 26-19S-32E, 27-19S-32E. All we have been offered is $10,775 per acre.
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### Author:  [@mary\_phillips](https://www.mineralrightsforum.com/u/mary_phillips)
#### Post date: [October 13, 2018, 5:04am UTC](https://www.mineralrightsforum.com/t/lea-county-new-mexico/35069/3 "2018-10-13T05:04:57Z")
I would not sell for that amount. Just by reading news in forum under New Mexico and Permian Basin it seems low.
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### Author:  [@timmyd](https://www.mineralrightsforum.com/u/timmyd)
#### Post date: [October 13, 2018, 4:15pm UTC](https://www.mineralrightsforum.com/t/lea-county-new-mexico/35069/4 "2018-10-13T16:15:39Z")
No, we will not sell for that amount. Tilden Capital made us that offer. If you don’t mind me asking, who made you the $30,000 offer? We are looking to sell half and keep the other half for the kids but the price has to be right!
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### Author:  [@K11](https://www.mineralrightsforum.com/u/K11)
#### Post date: [October 13, 2018, 4:57pm UTC](https://www.mineralrightsforum.com/t/lea-county-new-mexico/35069/5 "2018-10-13T16:57:39Z")
There are some buyers in the area. Your expectations in price will determine if you will be successful in finding someone though. $30,000 is not realistic for the area.
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### Author:  [@mary\_phillips](https://www.mineralrightsforum.com/u/mary_phillips)
#### Post date: [October 13, 2018, 8:12pm UTC](https://www.mineralrightsforum.com/t/lea-county-new-mexico/35069/6 "2018-10-13T20:12:08Z")
K11 - are you saying $30,000 is asking too much?
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### Author:  [@K11](https://www.mineralrightsforum.com/u/K11)
#### Post date: [October 13, 2018, 9:00pm UTC](https://www.mineralrightsforum.com/t/lea-county-new-mexico/35069/7 "2018-10-13T21:00:11Z")
No I was telling the other gentlemen that commented that he will not see those prices in his area at this time.
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### Author:  [@timmyd](https://www.mineralrightsforum.com/u/timmyd)
#### Post date: [October 13, 2018, 9:13pm UTC](https://www.mineralrightsforum.com/t/lea-county-new-mexico/35069/8 "2018-10-13T21:13:05Z")
I really don’t think we would sell for less than 15,000 per acre. Like I have said before not in a big hurry to sell.
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### Author:  [@K11](https://www.mineralrightsforum.com/u/K11)
#### Post date: [October 13, 2018, 9:33pm UTC](https://www.mineralrightsforum.com/t/lea-county-new-mexico/35069/9 "2018-10-13T21:33:38Z")
Timmy, are your minerals leased at 1/8, 1/4, 1/5?
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### Author:  [@timmyd](https://www.mineralrightsforum.com/u/timmyd)
#### Post date: [October 13, 2018, 11:54pm UTC](https://www.mineralrightsforum.com/t/lea-county-new-mexico/35069/10 "2018-10-13T23:54:20Z")
We have 1% overriding.
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### Author:  [@NMoilboy](https://www.mineralrightsforum.com/u/NMoilboy)
#### Post date: [October 15, 2018, 10:12pm UTC](https://www.mineralrightsforum.com/t/lea-county-new-mexico/35069/11 "2018-10-15T22:12:08Z")
Mary,
I’m assuming you have 25% royalty and thus that is $15k/nra. That’s a low-ball offer for acreage 15 miles west of you. However, take a look at the BLM lease sale prices for Sept 18 for 80 acres in Section 33. $301/acre. That’s for a BLM lease… so effectively a normal 25% lease PLUS a net royalty acre on top of it. For basically zero. So, yeah, I’d consider $15k/nra to be a good offer.
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### Author:  [@timmyd](https://www.mineralrightsforum.com/u/timmyd)
#### Post date: [October 16, 2018, 2:34am UTC](https://www.mineralrightsforum.com/t/lea-county-new-mexico/35069/12 "2018-10-16T02:34:43Z")
Mary has been offered 30k. She’s in a better area than my 186 NMA.
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### Author:  [@K11](https://www.mineralrightsforum.com/u/K11)
#### Post date: [October 16, 2018, 3:17am UTC](https://www.mineralrightsforum.com/t/lea-county-new-mexico/35069/13 "2018-10-16T03:17:54Z")
Going to have to agree with NMoilboy. I looked into the maps today, that’s a good offer.
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### Author:  [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 6:35pm UTC](https://www.mineralrightsforum.com/t/lea-county-new-mexico/35069/14 "2025-01-11T18:35:33Z")