New Mexico Oil Lease Brought Back From the Dead
Published Date: 7/20/2026
Notice
Summary
The Bureau of Land Management is planning to bring back an oil and gas lease in Eddy County, New Mexico, that was previously ended. Federal Abstract Company, the lease holder, paid all fees and agreed to new rental and royalty rates, making the lease active again starting January 1, 2022. This means the company can continue exploring and drilling under updated terms, with a rental fee of $20 per acre and a 16.67% royalty rate.
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