Old New Mexico Oil Lease Gets a Boring Second Chance
Published Date: 4/1/2026
Notice
Summary
Enrique A. Cantu asked to bring back his New Mexico oil and gas lease NMNM141519, which was ended before. The Bureau of Land Management agrees to reinstate it starting January 1, 2022, with updated rental fees of $20 per acre and a 20% royalty. This means Cantu can keep drilling under new terms, as long as he sticks to the rules and pays up.
Analyzed Economic Effects
5 provisions identified: 1 benefits, 4 costs, 0 mixed.
Royalty Rate Set at 20 Percent
The reinstated lease requires a royalty rate of 20 percent on production from lease NMNM141519, effective January 1, 2022. The lessee must pay 20% of production value as royalty under the reinstated terms.
BLM Proposes Lease Reinstatement
The Bureau of Land Management proposes to reinstate oil and gas lease NMNM141519 to Enrique A. Cantu, effective January 1, 2022, for the remainder of the lease's primary term. The reinstatement lets the lessee continue operations on the lease if they follow the lease's terms and amended lease notices.
Rental Set at $20 Per Acre
The lessee agrees to pay a rental of $20 per acre (or fraction thereof) per year on lease NMNM141519, effective January 1, 2022. This rental replaces the prior rental terms for the reinstated lease.
Lessee Paid Fees and Publication Costs
The lessee paid the required administration fee and reimbursed the Bureau of Land Management for the cost of publishing this notice as part of the reinstatement. The lessee also paid rental accruing from the date of termination.
Reinstatement Subject to Lease Conditions
The proposed reinstatement is subject to the original terms and conditions of the lease plus amended lease notices, in addition to the increased rental and 20% royalty, effective January 1, 2022. The lessee must follow those terms to retain the reinstated lease.
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