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SQ-009 · 240.4 acres in Chaves County

New MexicoListed by Nm State Land LeasesOil and gas lease

Listing description

What the seller provided

Competitive sealed-bid lease of state trust land oil and gas rights covering 240.4 acres in Chaves County. Tract SQ-009: LOT(S) 4, S2N2, NW4SE4, Section 01, Township 15S, Range 28E (240.4 acres, more or less). Minimum acceptable bid $75,000; primary rental $1.00 per acre. Lease issued on the section 19-10-4.3 nmsa 1978, development lease form, 5-year term, 1/5 royalty. State Land Office tract rating 90%. Online sealed bidding opens 2026-11-10 and closes 2026-11-17 at 8:30 a.m. Mountain time, conducted by Efficient Markets, LLC (EnergyNet). See the official monthly sale book for lease form, royalty, bonding, and payment terms.

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Record details

Acres
240.4 acres
County
Chaves
Township
15S
Legal description
LOT(S) 4, S2N2, NW4SE4
Sale type
Online sealed bid
Tract rating (%)
90%
Lease term (years)
5
Auction house
Efficient Markets, LLC (EnergyNet)
Lease form
SECTION 19-10-4.3 NMSA 1978, DEVELOPMENT LEASE FORM
Non state surface
No
Primary rental per acre
$1/acre
Range
28E
Royalty
1/5
Sale month
2026-11
Section
01
Tract
SQ-009

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