Oil Firm Revives Ghost Lease in New Mexico Desert
Published Date: 11/28/2025
Notice
Summary
Tascosa Energy Partners wants their New Mexico oil and gas lease NMNM 141402 back after it was ended. The Bureau of Land Management agrees to reinstate it starting January 1, 2022, with new rules: $20 per acre rent and a 16.67% royalty. This means Tascosa can keep drilling, but with updated costs and terms.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Lease Reinstated with New Terms
The Bureau of Land Management proposes to reinstate oil and gas lease NMNM 141402 in Eddy County, New Mexico, effective January 1, 2022, for the remainder of the primary term. The lease will be subject to the original terms plus amended stipulations and new financial terms of $20 per acre per year rent and a 16.67% royalty rate.
Lessee Pays 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. Those payments were made as part of the reinstatement process for lease NMNM 141402.
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