New Mexico· County Detail
Prefer to talk? Call (432) 400-4602
No broker fees. No auction. We close with our own capital.
By Brad Caponigro, Founder · Last updated Feb 2026
Production data through Feb 2026
as of Feb 2026
as of Feb 2026
as of Feb 2026
as of Feb 2026
Over the twelve most recent reported months, Lea County wells produced about 425.1 million barrels of oil and 1.6 billion Mcf of gas — an average of 1,164,593 barrels and 4,338,968 Mcf per day. That output comes from roughly 14,410 active wells, with 8,186 permitted locations on file. Monthly volumes have held in a steady band over the past year.
425,076,453 barrels of oil, Mar 2025 → Feb 2026
1,583,723,299 Mcf of natural gas, Mar 2025 → Feb 2026
Rates shown as barrels of oil per day and Mcf of natural gas per day, computed from monthly totals reported to NM OCD. Jan 2020 through Feb 2026. Download CSV · See methodology.
| Month | Oil (Bbl) | Gas (Mcf) |
|---|---|---|
| Jan 2020 | 19,440,812 | 54,195,075 |
| Feb 2020 | 18,612,605 | 52,024,325 |
| Mar 2020 | 19,768,753 | 55,594,511 |
| Apr 2020 | 16,635,351 | 49,296,947 |
| May 2020 | 14,677,118 | 45,812,518 |
| Jun 2020 | 15,287,492 | 46,797,609 |
| Jul 2020 | 17,171,293 | 52,451,765 |
| Aug 2020 | 17,821,756 | 55,713,122 |
| Sep 2020 | 17,786,253 | 55,356,453 |
| Oct 2020 | 19,733,079 | 59,434,672 |
| Nov 2020 | 19,587,730 | 58,118,054 |
| Dec 2020 | 19,384,138 | 59,414,617 |
| Jan 2021 | 20,478,208 | 61,879,330 |
| Feb 2021 | 17,011,826 | 49,398,821 |
| Mar 2021 | 22,442,438 | 64,852,554 |
| Apr 2021 | 21,681,713 | 64,330,664 |
| May 2021 | 22,640,325 | 67,275,959 |
| Jun 2021 | 21,951,700 | 65,478,077 |
| Jul 2021 | 22,930,958 | 69,205,833 |
| Aug 2021 | 25,260,675 | 72,112,169 |
| Sep 2021 | 24,491,819 | 71,880,178 |
| Oct 2021 | 25,482,633 | 73,214,543 |
| Nov 2021 | 25,360,615 | 73,429,803 |
| Dec 2021 | 25,671,840 | 76,962,201 |
| Jan 2022 | 25,263,955 | 72,969,248 |
| Feb 2022 | 23,969,200 | 67,786,113 |
| Mar 2022 | 28,137,507 | 83,135,926 |
| Apr 2022 | 27,297,137 | 80,296,322 |
| May 2022 | 28,695,779 | 84,452,306 |
| Jun 2022 | 27,128,301 | 79,225,402 |
| Jul 2022 | 29,240,078 | 86,063,349 |
| Aug 2022 | 29,289,646 | 85,251,753 |
| Sep 2022 | 30,602,527 | 87,978,598 |
| Oct 2022 | 32,125,006 | 90,828,241 |
| Nov 2022 | 30,309,697 | 86,214,648 |
| Dec 2022 | 31,827,253 | 89,941,737 |
| Jan 2023 | 33,833,211 | 95,865,020 |
| Feb 2023 | 29,641,350 | 85,918,633 |
| Mar 2023 | 33,764,013 | 99,397,588 |
| Apr 2023 | 33,077,839 | 97,723,494 |
| May 2023 | 33,227,078 | 98,396,703 |
| Jun 2023 | 30,737,018 | 91,721,166 |
| Jul 2023 | 32,201,793 | 99,178,077 |
| Aug 2023 | 33,419,793 | 104,369,207 |
| Sep 2023 | 32,031,036 | 101,228,561 |
| Oct 2023 | 33,447,240 | 103,628,907 |
| Nov 2023 | 34,143,266 | 106,504,308 |
| Dec 2023 | 35,420,095 | 113,093,859 |
| Jan 2024 | 33,017,547 | 102,890,940 |
| Feb 2024 | 32,815,933 | 104,644,532 |
| Mar 2024 | 36,813,490 | 117,816,567 |
| Apr 2024 | 36,064,429 | 117,840,730 |
| May 2024 | 37,247,151 | 122,812,329 |
| Jun 2024 | 34,594,494 | 116,302,548 |
| Jul 2024 | 35,413,259 | 121,143,859 |
| Aug 2024 | 37,845,076 | 126,274,982 |
| Sep 2024 | 34,826,850 | 116,893,548 |
| Oct 2024 | 36,569,326 | 125,016,222 |
| Nov 2024 | 35,294,375 | 121,889,574 |
| Dec 2024 | 36,817,276 | 126,817,222 |
| Jan 2025 | 35,405,160 | 121,000,293 |
| Feb 2025 | 33,022,719 | 114,878,294 |
| Mar 2025 | 37,194,709 | 130,092,662 |
| Apr 2025 | 36,128,098 | 127,473,275 |
| May 2025 | 37,743,097 | 131,620,755 |
| Jun 2025 | 36,560,051 | 130,479,504 |
| Jul 2025 | 37,617,209 | 136,739,638 |
| Aug 2025 | 37,598,481 | 138,312,627 |
| Sep 2025 | 36,485,684 | 136,490,940 |
| Oct 2025 | 37,553,195 | 137,043,644 |
| Nov 2025 | 34,801,517 | 134,080,040 |
| Dec 2025 | 34,295,372 | 136,595,480 |
| Jan 2026 | 31,924,224 | 130,499,436 |
| Feb 2026 | 27,174,816 | 114,295,298 |
| Operator | Parent | Ticker | HQ |
|---|---|---|---|
| ConocoPhillips | — | COP(NYSE) | Houston, TX |
| Oxy | Occidental Petroleum | OXY(NYSE) | Houston, TX |
| Mewbourne Oil | — | Private | Tyler, TX |
| Devon Energy | — | DVN(NYSE) | Oklahoma City, OK |
Public-company tickers link to investor relations. Private operators are marked as such and do not carry a ticker.
We also buy overriding royalty interests (ORRIs) and non-participating royalty interests (NPRIs) in Lea County — common for tracts under leases held by major operators with carried-out royalty structures.
Yes. Lea County is on our active buy list. We buy mineral interests, royalty interests, NPRI, and ORRI on both producing and non-producing tracts targeting the Wolfcamp, Bone Spring, and Avalon formations.
The most active operators we track in Lea County include ConocoPhillips, Oxy, Mewbourne Oil, Devon Energy. We regularly buy interests held under leases with these operators.
Lea County sits in the Permian Basin, where the primary target is wolfcamp / bone spring. Here we underwrite the Wolfcamp, Bone Spring, and Avalon formations.
Yes. Lea County is one of our top-tier acquisition areas. We can usually turn an offer around in 48 hours and we will compete on price for tracts inside the active development area.
Lea County sits in the southeastern New Mexico Delaware Basin, alongside Eddy County, with intense Wolfcamp and Bone Spring development. Lea County has historically been one of the most productive U.S. counties by oil volume. The active intervals are Wolfcamp A and 2nd/3rd Bone Spring Sands. Major operators include the largest Permian players, with continuous drilling activity. Bonuses and royalty multiples in Lea County are typically near the top of the U.S. range for unleased Wolfcamp acreage.
New Mexico has a robust compulsory pooling regime under NMSA 70-2-17 administered by the Oil Conservation Division (OCD). If you have not leased and the operator wants to develop, they can file an application with OCD to pool your interest into a unit. The hearing process moves quickly (often weeks rather than months), and the resulting order typically gives you an election: accept the offered lease, participate as a working interest owner (paying your cost share), or non-consent (operator recovers cost plus a risk charge from your share of production). See our blog post on New Mexico forced pooling for the detailed framework.
Federal-mineral interests (BLM-administered) are not part of what we typically buy — they are leased and managed under different rules than fee minerals. If your tract is mixed fee/federal, we underwrite only the fee portion. If your interest is entirely federal, we generally do not have a fit. Many Lea County tracts have a mix of fee and federal minerals due to the historical land grant patterns; checking the GLO/BLM records on your specific tract clarifies the breakdown.
Closings on Lea County mineral rights typically take 7 to 30 days from the date you accept our offer, depending on title complexity. We handle county-level title work, PSA drafting, mineral deed preparation, and notary coordination at our expense.
Just a tract description (abstract or survey, section/township/range, or a legal description from your deed) and any recent royalty check stubs if the interest is producing. You do not need to gather deeds or title opinions up front.
Lea County sits in the Permian Basin, where operators are targeting wolfcamp / bone spring. Activity is led by names like ConocoPhillips, Oxy, Mewbourne Oil, and new drilling continues to shape the play across the Wolfcamp and Bone Spring formations.
If you hold mineral rights, royalty interests, NPRI, or ORRI anywhere in the county, we'd like to put a written offer in front of you. Every offer we send is funded from our own balance sheet — there's no auction, no broker markup, and no third-party capital waiting to approve the deal.
Lea County is one of our highest-priority acquisition areas. Top-tier operators are running active drilling programs here and we're making offers on both producing and non-producing tracts.
Monthly production has held within a normal band over the last year, suggesting steady development without a recent completion wave.