San Juan County New Mexico Mineral Rights for Sale

Starting Bid: $275,000

• State : New Mexico
• County : san-juan
• Legal Location : Multiple lcoations
• Net Acres : 28.8
• Active Lease : Yes
• Royalty Rate : 12.5%
• Producing : yes
• Average Income : $324/Month

Comments:

Update 6/6/25:

Pending under contract
___________________
This is a unique opportunity to purchase mineral rights in San Juan County, New Mexico.

Our client owns in multiple wells in the San Juan 32-8 Unit and the Rattlesnake Canyon Unit. We believe that our clients owns a total of 28.8 NRA in these units.  This NRA was based off a previous offer to purchase that our client received and we were not able to confirm the NRA.

There are tracts listed on the check stubs, which could indicate a super unit, buyer would need to confirm and prove NRA owned in title. All bids should be placed based on 28.8 NRA.

There are over 200 wells in these units, with the majority being older vertical wells. Hilcorp has permitted 18 new San Juan 32-8 Federal wells in the San Juan unit, in which we believe our client will be in pay when they come online, due to his being pay in all surrounding existing wells and a previous offer indicating this as well.

There are also several permits, DUCs and rigs to the East of this unit, all operated by Hilcorp.  Hilcorp has active rigs in the area and it appears very likely they will move onto these permits with the active rigs running just to the East.

The average royalty income from this ownership is $324/month on existing wells. Our client also looks to be in pay in the same unit by Logos Royalty and we have included stubs from both operators in the listing, so both operators would convey.

Notes:

***There is currently a class action lawsuit with Hilcorp and mineral owners and PSA must include that the seller is entitled to any royalties prior to the effective date related to the lawsuit. 

***All bids should be placed based on the 28.8 NRA represented in this listing.

For this listing, we are requiring the following:

1. 1. Special Warranty Deed
   2. 30 Day Close
   3. Any adjustment to the purchase price greater than 10% must be mutually agreeable. 
   4. Buyer to pay off past due taxes out of seller proceeds at closing
   5. Our closing process included in the PSA, which is:   At closing, buyer will provide the mineral deed.  The seller will execute the mineral deed and return it to Texas Royalty Brokers.  Texas Royalty Brokers will provide buyer with a scanned copy of the deed, and buyer will then wire funds to seller and Texas Royalty Brokers respectively.  Once funds are confirmed, Texas Royalty Brokers will overnight the deed to the Buyer.   
   6. Buyer must close within 14 days or sign our qualified buyer agreement.

To view/download the listing files, please visit the link below:

Download Files

We will begin accepting offers on Thursday June 5th.

All buyers are required to either do a 14 day close or sign our qualified buyer agreement once a deal has been verbally agreed upon.  In certain situations, we may require a $25,000 earnest deposit at the sole discretion of Texas Royalty Brokers.

The mineral owner has exclusively listed with Texas Royalty Brokers.  Please do not contact the mineral owner directly.  To make a bid or ask questions about this listing, please contact Texas Royalty Brokers using the contact form below.  Our team will quickly be in touch.

We have other mineral rights for sale.