I received an unsolicited offer of $25,000 per NRA (total $400,000). I have no idea of value, which depends on drilling activity, permits, etc. The NM GIS shows no activity, but I don’t see any permitting data. They know something that I do not! If anyone knows anything about this area, a heads-up will be much appreciated. I have found the following:
Current Development Status
XTO has permitted and drilled numerous horizontal wells throughout Poker Lake Unit
Recent applications (February 2025) show XTO seeking spacing units in T24S-R30E for new Bone Spring horizontal wells
Development is proceeding systematically across the unit, with XTO historically running 4+ rigs within Poker Lake
SE/4 of Sec. 35 has no current wells but is surrounded by active development.
I am soliciting other bids.