T13S-R38E Lea County


#1

We have 640 gross acres what are the going rates? Just received and offer and not sure it’s fair.


#2

Hi Sarina, offers are usually made according to “net mineral acres” to take into account subdividing of interest. You’re toward the north of Lea, where there isn’t much activity currently. That may change as time goes on. The closest rig is just north of Lovington, in 15S 35E. I’d like to know going rates too, if anyone has input?