Sell Your San Juan County Mineral Rights
We buy oil and gas royalties and mineral rights in New Mexico and throughout the United States.
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San Juan County Oil & Gas Wells
A brief overview of oil and gas activity
In New Mexico, oil and gas development is primarily in the southeast and the northwest. There are two main basins: the Permian, located in the southeast, and the San Juan Basin, located in the northwest.
The San Juan basin is an older, conventional oil field with vertical wells, mostly producing wet gas. San Juan Counties is peppered with older conventional (vertical) wells, mostly located in the northeast part of the county.
About half of the wells have run dry and been plugged. These days, very few new wells are drilled San Juan County. Most companies choose to drill in shale basins (including parts of Eddy and Lea Counties), where they can extract vast amounts of oil and gas.
San Juan vs. Other NM Counties
How does San Juan compare to other NM counties??
The vast majority of New Mexico’s oil and gas production is in Lea and Eddy Counties. However, San Juan produces a modest amount of natural gas (and very little oil).
According to ShaleXP, San Juan ranks #48 in nationwide production and #3 in New Mexico (very few NM Counties produce oil and gas).
Locating Your San Juan Mineral Rights
The New Mexico Oil Conservation Division provides an interactive GIS map with detailed information about NM oil and gas wells. Use the legal description on your deed or lease to locate your property and any wells.
Having trouble locating your property? Contact us – we do this all the time and can look it up for you.
How We Value Mineral Rights
There are many factors that play into the value of mineral rights. These include location, producing vs. non-producing properties, current oil and gas prices, well production figures, lease terms, and even the operator of the well or wells. We also look at the risks of buying and owning minerals that you are interested in selling.
Minerals in the hottest shale plays are more valuable than those in older fields with conventional wells.
Producing vs. Non-Producing
Producing minerals are often worth more than non-producing minerals because they are generating revenue.
Oil & Gas Prices
When oil and gas prices drop, revenue drops, and sometimes operators are unable to continue operating the well.
Highly productive wells (and off-set wells) can increase the value of your minerals.
Favorable lease terms (such as a 25% royalty reservation) positively impact the value of the leased minerals.
A small number of operators are unethical, and their reputation automatically devalues your minerals.
Why People Sell Their Mineral Rights
I am putting my affairs in order. I don’t want to burden my kids with the hassle of transferring ownership and managing small mineral rights. When my sister passed away, my niece and nephew had to hire an attorney to help them with the minerals. I don’t want my kids to go through that.
I inherited my mineral rights so they were sentimental, but I don’t really want to bother with managing them and filing extra tax returns. I decided to sell and use the money as a down payment on my house.
I had no idea how fast the oil production would decline. My checks are only 20% of what they were a few years ago. I should have sold my mineral rights when the wells were brand new and still generating huge royalties.
My oil wells have been producing for decades and the reserves are almost depleted. Once the wells are plugged, the value will be significantly lower. I’d rather cash out now.
I inherited mineral rights, but don’t want to be involved with fracking and fossil fuels. I would prefer to support renewable energy and do my part to reverse climate change.