Proclamation Oil and Gas is actively purchasing mineral rights and oil and gas royalties in Lea County and Eddy County, New Mexico. These two counties sit atop the Delaware Basin — the most productive portion of the Permian Basin — and together they account for approximately 29% of all Permian Basin crude oil production, making them among the most sought-after oil and gas producing regions in the entire United States.
New Mexico's Permian Basin counties are experiencing unprecedented production growth. Lea County recently became the first county in the state to produce over 1 million barrels of oil per day, while Eddy County is on track to reach the same milestone. Together, these counties accounted for nearly 1 million barrels per day of U.S. production growth between 2020 and 2024 — representing 52% of total national growth.
With production at record levels and mineral rights values at some of the highest levels in years, now is an excellent time to monetize your mineral and royalty interests. The surge in Delaware Basin production has directly translated to elevated valuations — owners who sell now can lock in a premium price backed by strong market fundamentals. Proclamation Oil and Gas provides free, no-obligation evaluations and works with well-capitalized family offices to deliver competitive pricing and a hassle-free closing experience. Learn more about why mineral owners choose to sell →
The Permian Basin is the most prolific oil-producing region in the world, and New Mexico's Lea and Eddy Counties are at the epicenter of this production boom. Key facts about the New Mexico Permian Basin include:
Record Production: Lea County produces over 1 million barrels of oil per day, making it one of the most productive counties in the nation.
2026 Forecast: Crude oil output in the Permian Basin is projected to reach 6.6 million barrels per day in 2026, with much of the growth coming from New Mexico.
Strong Buyer Interest: Lea and Eddy Counties consistently rank among the most desirable mineral rights acquisition areas, resulting in competitive pricing for sellers.
Multiple Producing Formations: The Delaware Basin contains multiple stacked producing formations, including the Wolfcamp, Bone Spring, and other prolific zones.
Lea County is the crown jewel of New Mexico's oil and gas industry. Located in the southeastern corner of the state, Lea County sits directly atop the heart of the Delaware Basin and has experienced explosive production growth over the past several years. Major operators including ConocoPhillips, ExxonMobil, EOG Resources, and Devon Energy maintain active drilling programs throughout the county.
The average royalty rate in Lea County typically ranges from 18% to 25%, though this can vary depending on the specific lease agreement. We purchase mineral rights and royalties throughout Lea County, including properties near Hobbs, Lovington, Jal, Eunice, and Tatum. Whether your minerals are on state, federal, or fee land, we are interested in evaluating your property.
Eddy County is the second-largest oil-producing county in New Mexico and a critical component of the broader Permian Basin. Home to Carlsbad and Artesia, Eddy County has seen mineral rights values climb significantly as production continues to increase. The county produces approximately 790,000 barrels of oil per day, with major operators actively developing acreage across multiple formations.
It's important to note that a significant amount of mineral and royalty ownership in New Mexico is on federal or state lands, which can affect the pace of development due to permitting timelines. This is one reason why selling your mineral rights for a lump sum can be attractive — it eliminates the uncertainty associated with government permitting delays while providing immediate financial benefit.
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Common questions about selling mineral rights in New Mexico
The value of mineral rights in Lea and Eddy Counties depends on current production, proximity to active drilling, the specific formations under your property, and whether your minerals are on state, federal, or fee land. With the Permian Basin experiencing record activity, mineral rights values in New Mexico are at some of the highest levels in years. Contact us for a free, personalized evaluation to learn what your specific property is worth.
Federal land ownership can affect the pace of drilling development due to permitting requirements and regulatory timelines. In New Mexico, a significant portion of mineral rights are on federal or state lands, and it can take over a year to get drilling permits approved. This is one reason many owners choose to sell — to eliminate the uncertainty and receive a lump sum today rather than waiting for future development.
Royalty rates in the Permian Basin generally range from 12.5% to 25%. In Lea County, the average royalty rate is typically between 18% and 25%, though this varies by lease agreement. Older leases may carry the traditional 12.5% (1/8th) royalty, while more modern leases in competitive areas often command higher rates in the 18.75% to 25% range.
We purchase all types of mineral and royalty interests in New Mexico, including producing and non-producing mineral rights, royalty interests, overriding royalty interests (ORRIs), non-participating royalty interests (NPRIs), non-operated working interests, and other working interests on a case-by-case basis. We evaluate properties on state, federal, and fee lands.