# Lea County, NM - Oil & Gas Discussion archives
**URL:** https://www.mineralrightsforum.com/t/lea-county-nm-oil-gas-discussion-archives/1343
**Category:** Lea County, NM
**Created:** [August 12, 2011, 4:49pm UTC](https://www.mineralrightsforum.com/t/lea-county-nm-oil-gas-discussion-archives/1343 "2011-08-12T16:49:48Z")
**Posts on this page:** 20
**Page:** 2
### Author:  [@J\_A](https://www.mineralrightsforum.com/u/J_A)
#### Post date: [February 5, 2013, 2:52am UTC](https://www.mineralrightsforum.com/t/lea-county-nm-oil-gas-discussion-archives/1343/21 "2013-02-05T02:52:19Z")
Does anyone have info on lease activity in Township 24 South, Range 35 East?
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### Author:  [@N\_Case](https://www.mineralrightsforum.com/u/N_Case)
#### Post date: [February 5, 2013, 6:05pm UTC](https://www.mineralrightsforum.com/t/lea-county-nm-oil-gas-discussion-archives/1343/22 "2013-02-05T18:05:58Z")
J.A.: Some of my property is in Township 24S Range 34E and I leased it 2 1/2 years ago through Continental Land Resources in Roswell - 575 625-0582. I believe it was for Chevron & Chesapeake Exploration. Also, they have just renewed it for an additional 3 years.
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### Author:  [@Donald\_Skotty](https://www.mineralrightsforum.com/u/Donald_Skotty)
#### Post date: [February 5, 2013, 6:48pm UTC](https://www.mineralrightsforum.com/t/lea-county-nm-oil-gas-discussion-archives/1343/23 "2013-02-05T18:48:04Z")
Anyone know if there’s been leasing activity near T19S R 39E?
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### Author:  [@Paula\_F](https://www.mineralrightsforum.com/u/Paula_F)
#### Post date: [February 5, 2013, 7:17pm UTC](https://www.mineralrightsforum.com/t/lea-county-nm-oil-gas-discussion-archives/1343/24 "2013-02-05T19:17:49Z")
Would you mind saying what the going rate, per acre, offered through Continental Land Resources was?
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### Author:  [@N\_Case](https://www.mineralrightsforum.com/u/N_Case)
#### Post date: [February 5, 2013, 8:31pm UTC](https://www.mineralrightsforum.com/t/lea-county-nm-oil-gas-discussion-archives/1343/25 "2013-02-05T20:31:51Z")
Paula: this was back in Dec. 2010 and after some negotiation I accepted $300 bonus, 22.5%, 3yr term, no option for extension, but I did extend an additional 3 yrs for the same bonus amount (they already asked to extend even though the primary term was still good for another year)
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### Author:  [@Paula\_F](https://www.mineralrightsforum.com/u/Paula_F)
#### Post date: [February 5, 2013, 8:36pm UTC](https://www.mineralrightsforum.com/t/lea-county-nm-oil-gas-discussion-archives/1343/26 "2013-02-05T20:36:08Z")
Thanks N Case. I appreciate it. It gives me/us an idea of the rate in that area.
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### Author:  [@J\_A](https://www.mineralrightsforum.com/u/J_A)
#### Post date: [February 10, 2013, 7:32pm UTC](https://www.mineralrightsforum.com/t/lea-county-nm-oil-gas-discussion-archives/1343/27 "2013-02-10T19:32:24Z")
Thanks for the info N Case, I got word this week that the section west of me leased for just over $3200 an acre, so I hope that will give me some negotiating power.
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### Author:  [@Ron\_Koehler](https://www.mineralrightsforum.com/u/Ron_Koehler)
#### Post date: [February 26, 2013, 7:29pm UTC](https://www.mineralrightsforum.com/t/lea-county-nm-oil-gas-discussion-archives/1343/28 "2013-02-26T19:29:22Z")
J.A What section are you in?
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### Author:  [@Ron\_Koehler](https://www.mineralrightsforum.com/u/Ron_Koehler)
#### Post date: [February 26, 2013, 7:31pm UTC](https://www.mineralrightsforum.com/t/lea-county-nm-oil-gas-discussion-archives/1343/29 "2013-02-26T19:31:14Z")
N. Case, are they pulling gas or oil?
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### Author:  [@N\_Case](https://www.mineralrightsforum.com/u/N_Case)
#### Post date: [February 26, 2013, 9:42pm UTC](https://www.mineralrightsforum.com/t/lea-county-nm-oil-gas-discussion-archives/1343/30 "2013-02-26T21:42:55Z")
Oil.
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### Author:  [@Ron\_Koehler](https://www.mineralrightsforum.com/u/Ron_Koehler)
#### Post date: [February 26, 2013, 9:48pm UTC](https://www.mineralrightsforum.com/t/lea-county-nm-oil-gas-discussion-archives/1343/31 "2013-02-26T21:48:29Z")
N Case, thank you. We have land in the same Township and Range as yours. The landman said he’s looking to get 2,000 acres. He said there’s no way to know where they’re going to drill. I feel it’s not a good deal.
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### Author:  [@N\_Case](https://www.mineralrightsforum.com/u/N_Case)
#### Post date: [February 26, 2013, 9:51pm UTC](https://www.mineralrightsforum.com/t/lea-county-nm-oil-gas-discussion-archives/1343/32 "2013-02-26T21:51:12Z")
What is he offering?
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### Author:  [@Ron\_Koehler](https://www.mineralrightsforum.com/u/Ron_Koehler)
#### Post date: [February 26, 2013, 9:56pm UTC](https://www.mineralrightsforum.com/t/lea-county-nm-oil-gas-discussion-archives/1343/33 "2013-02-26T21:56:06Z")
They’re offering $400.00 per acre and 20.0%.
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### Author:  [@Ron\_Koehler](https://www.mineralrightsforum.com/u/Ron_Koehler)
#### Post date: [February 28, 2013, 9:19pm UTC](https://www.mineralrightsforum.com/t/lea-county-nm-oil-gas-discussion-archives/1343/34 "2013-02-28T21:19:29Z")
N Case: How many barrels are they getting in a day at Township 24 South Range 34 East? We have some land in the same Township and Range.
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### Author:  [@e\_dubose](https://www.mineralrightsforum.com/u/e_dubose)
#### Post date: [March 1, 2013, 6:47am UTC](https://www.mineralrightsforum.com/t/lea-county-nm-oil-gas-discussion-archives/1343/35 "2013-03-01T06:47:26Z")
Boys do not lease too cheap do your homework it looks to me that things are heating up in Lea and Eddy County. Concho is working in Eddy and having some luck. Go to the OCD records and see what is around you before you lease or track me down if I can help.
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### Author:  [@N\_Case](https://www.mineralrightsforum.com/u/N_Case)
#### Post date: [March 1, 2013, 7:21am UTC](https://www.mineralrightsforum.com/t/lea-county-nm-oil-gas-discussion-archives/1343/36 "2013-03-01T07:21:58Z")
RK: There are 2 wells Red Bull 35 is 1,282 / month (Section 35 Township 25S Range 33E) and Red Bull 3 is 1,783 / month (Section 3 Township 26S Range 33E) … not sure of the units, but it is reported as “gross volume.”
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### Author:  [@Ron\_Koehler](https://www.mineralrightsforum.com/u/Ron_Koehler)
#### Post date: [March 1, 2013, 1:26pm UTC](https://www.mineralrightsforum.com/t/lea-county-nm-oil-gas-discussion-archives/1343/37 "2013-03-01T13:26:36Z")
e dubose I am new to this oil thing, I we take all the help I can get. Thanks
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### Author:  [@Vivian\_Morrow\_Jones](https://www.mineralrightsforum.com/u/Vivian_Morrow_Jones)
#### Post date: [March 1, 2013, 3:07pm UTC](https://www.mineralrightsforum.com/t/lea-county-nm-oil-gas-discussion-archives/1343/38 "2013-03-01T15:07:51Z")
I see one of the members is listed as a trust. I just had to change all the names with companies upon my mother’s death. What a hassle. Oxy, Range, and Apache were easier. Cimarex not so much. If I set up a trust (and is it even worth it for the amount I get annually?) do you then not have to change owner names when necessary?
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### Author:  [@Gary\_Gilmer](https://www.mineralrightsforum.com/u/Gary_Gilmer)
#### Post date: [March 19, 2013, 12:26am UTC](https://www.mineralrightsforum.com/t/lea-county-nm-oil-gas-discussion-archives/1343/39 "2013-03-19T00:26:36Z")
I have several wells in Township 18 South, Range 39 East, Section 30, East Hobbs San Andres Unit. Anyone else have wells in this vicinity?
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### Author:  [@Brent\_Payne](https://www.mineralrightsforum.com/u/Brent_Payne)
#### Post date: [April 30, 2013, 10:52pm UTC](https://www.mineralrightsforum.com/t/lea-county-nm-oil-gas-discussion-archives/1343/40 "2013-04-30T22:52:00Z")
I own minerals in Sec 10, T25S-R34E in Lea County. I joined today and am interested in the leasing activity in Lea County and particularly in T25S-R34E.
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