NM-201707-022

UPDATE 09/01/2017

NOTE: Federal Communitization Requirement

The successful bidder will be required to join the Communitization Agreement NMNM 136754, prior to lease issuance.

Operator: Matador Resources Company
5400 LBJ FWY, Suite 1500
Dallas, TX 75240

All bidding and lease sale on BLM parcels listed on this website shall be subject to the statutes, administrative rules and regulations of the BLM per the authority of the Mineral Leasing Act of 1920 as amended and the Mineral Leasing Act for Acquired Lands of 1947, as amended.

A lease issued as a result of this sale will have a primary term of 10 years. It will continue beyond its primary term as long as oil or gas in paying quantities is produced on or for the benefit of the lease. Advance rental at $1.50 per acre for the first 5 years ($2 per acre after that) is due on or before the anniversary date each year until production begins. Once a lease is producing, you must pay a royalty of 12.5 percent of the value or the amount of production removed or sold from the lease. You will find other lease terms on our standard lease form (Form 3100-11, October 2008).

Stipulations are part of the lease and supersede any inconsistent provisions of the lease form. Some parcels are subject to surface use stipulations. They are requirements or restrictions on how you conduct operations. They become part of the lease and supersede any inconsistent provisions in the lease form. The stipulations can be found by clicking here.

Completions from the last 365 days in Eddy County, New Mexico

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Drilling Permits from the last 365 days in Eddy County, New Mexico

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Drilling Rigs on location in Eddy County, New Mexico

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After all auctions have closed, the successful bidder will be notified via email with closing instructions, including total amount due.

A 1.5% Buyer Premium, calculated as 1.5% of the total bonus, will be added to the cost of this lease.