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Lea County current lease offers

  • 10/07/2017 12:00 PM
    Message # 5301430

    HSH Royalty Corporation has received an offer from Steward Energy for Sec 22-14S-38E Lea County for $300/ acre and 1/5 royalty. They proposed an unorthodox well location back in 3/2017. Can any members let me know what offer they have received?

  • 11/16/2017 11:16 AM
    Reply # 5589288 on 5301430

    I just received an offer of $11,000 bonus, 1/4 royalty, 3 year with 2 year extension for property located in NE/4SW/4 Sect. 9, T-24-S, R-34-E, Lea Co., NM  

  • 11/17/2017 8:50 AM
    Reply # 5590768 on 5301430
    Anonymous member (Administrator)

    I have forwarded your request on to Craig Peterson, Rockies Chapter President.

    In the meantime, I have posted the numbers reported to our office below:

    NM S/2 LEA County- Bonus- Low: $15 High: $23000 Most Common: 350

    Royalty- Low: 18.75 High: 25 Lease Term - Low: 3 High: 5

    NM N/2 LEA County- Bonus- Low: $50 High: $4500 Most Common: $350

    Royalty- Low: 18.75 High: 25 Lease Term - Low: 1 High: 3

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