Drilling Lease Revived: BLM Reinstates New Mexico Permit
Published Date: 3/9/2026
Notice
Summary
Earthstone Permian LLC asked to bring back their oil and gas lease in Eddy County, New Mexico, after it was ended. The Bureau of Land Management agrees to reinstate it starting November 1, 2022, with updated rental fees of $20 per acre and a 20% royalty. This means Earthstone can keep drilling but will pay more, and the lease follows new rules going forward.
Analyzed Economic Effects
4 provisions identified: 1 benefits, 3 costs, 0 mixed.
Lease reinstated for Earthstone in NM
The Bureau of Land Management proposes to reinstate competitive oil and gas lease NMNM139349 in Eddy County, New Mexico, effective November 1, 2022, for the remainder of the primary term. This lets Earthstone Permian LLC keep the lease and continue operations under the original lease terms plus amended lease notices.
Royalty rate raised to 20%
The lessee agreed to an increased royalty rate of 20 percent for lease NMNM139349. That 20% royalty is part of the amended lease terms included in the reinstatement.
New rental: $20 per acre yearly
The lessee agreed to an increased rental of $20 per acre, or fraction thereof, per year for lease NMNM139349. That rental rate applies going forward as part of the reinstated lease terms.
Lessee paid fees and publication costs
Earthstone Permian LLC paid the required administration fee and reimbursed the Bureau of Land Management for the cost of publishing this reinstatement notice. Those payments are recorded as part of the reinstatement process.
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