Sell Your Mineral Rights in Chaves County County, NM
You own mineral rights in Chaves County — part of New Mexico's Permian Basin footprint, where oil has been flowing for decades. Activity here isn't at the same intensity as the core Delaware or Midland Basin counties, but there are real operators drilling real wells and real money changing hands. Let's walk you through what you actually have and what it might be worth.
Est. per Acre
$500–$3,000
per net royalty acre
Active Wells
1,200+
Drilling Activity
Core Basin
Permian Basin
Primary Formation
Primary Resource
Oil
Commodity Type
What's Actually Going On in Chaves County Right Now
Chaves County sits on the eastern edge of the Permian Basin, and while it doesn't get the same headlines as Lea or Eddy counties to the south, it's been producing oil and gas for well over 70 years. Drilling activity is more moderate here — you won't see the wall-to-wall horizontal pad drilling that defines the core Permian — but operators like Mewbourne and XTO are active, and wells continue to be drilled and permitted. The formations are older and shallower than the Wolfcamp or Bone Spring plays to the south, which affects both development pace and mineral values. If you've received an offer or are trying to figure out whether to hold or sell, the honest answer is: it depends a lot on exactly where your acres are and whether there's nearby production.
Chaves County by the Numbers
~1,200
wells
Estimated Active Wells
$500 – $3,000
per acre (estimate)
Estimated Value Range Per Acre
Oil
Primary Commodity
3,000 – 8,000
feet
Dominant Formation Depth
Permian Basin (Eastern Shelf)
Basin
Who's Operating in Chaves County
Mewbourne Oil Company
PrivateXTO Energy
XOMConocoPhillips
COPDevon Energy
DVNYates Petroleum
PrivateWhat's in the Ground
Pennsylvanian
One of the primary producing intervals in Chaves County. These are carbonate and sandstone reservoirs that have been producing oil for decades. Not a shale play — conventional reservoirs that require vertical or directional wells. Reliable but not flashy.
Morrow
A tight sandstone formation that produces oil and gas across southeastern New Mexico. The Morrow has been a workhorse formation in this part of the state. Some horizontal development has occurred, which can increase the value of minerals sitting over productive Morrow intervals.
Abo
A Permian-age carbonate reef and platform play. The Abo has seen long production history in Chaves County, particularly in the northwestern part of the county. Mostly conventional vertical wells. Where the reef is productive, mineral values can be meaningfully higher.
Questions We Hear From Chaves County Owners
I got an offer out of nowhere. Should I take it?
My minerals have been in the family for years but I've never seen a royalty check. Does that mean they're worthless?
How is Chaves County different from Lea or Eddy County mineral rights?
Want to Know What Your Chaves County Minerals Are Actually Worth?
We'll look at your specific location, nearby wells, lease status, and current market conditions and give you a straight answer — no pressure, no obligation. Most people just want to know where they stand, and that's a completely reasonable place to start.
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