FOR NEW YORK RESIDENTS
We help New York residents sell mineral rights in the Delaware Basin and Permian Basin areas of New Mexico. Nearly 2,000 miles away—but we make it easy.
Get Your Free ValuationNew Mexico may feel like another world from New York—and geographically, it nearly is. The producing areas of southeastern New Mexico are about 1,900 miles from Manhattan, a journey that would take over 27 hours of driving.
Many New York residents own New Mexico minerals through inheritance or past investments in the Permian Basin. The Delaware Basin portion of southeast New Mexico has become one of the most active drilling regions in the country, making these minerals increasingly valuable—and increasingly complex to manage from the East Coast:
Understanding New Mexico mineral and pooling laws
Dealing with multiple operators in Lea and Eddy counties
Tracking production across different formations
Filing New Mexico income tax returns on top of NY taxes
We buy minerals throughout New Mexico. The state's oil and gas production is concentrated in specific areas:
The western portion of the Permian Basin, one of the most active drilling regions in North America. Counties: Lea, Eddy. Multiple pay zones: Wolfcamp, Bone Spring, Avalon.
Southeast New Mexico shares the prolific Permian Basin with West Texas. Same geology, same operators, same value potential.
Northwest New Mexico natural gas production. Counties: San Juan, Rio Arriba. Mature basin with legacy production.
Production also occurs in Chaves, Roosevelt, and other counties with varying levels of activity.
Managing New Mexico mineral rights from New York is particularly challenging due to the sheer distance. The producing areas of southeast New Mexico (Lea and Eddy counties around Carlsbad and Hobbs) are nearly 2,000 miles from New York City. That's a 4-hour flight with connections, or a 27+ hour drive.
For New York residents who inherited these minerals from family who worked in the oil fields, ranched in southeastern New Mexico, or invested in the Permian during earlier booms, converting these distant assets to cash eliminates the ongoing management burden and simplifies your financial life.
As a New York resident with New Mexico mineral income, your tax situation is complex:
Federal return reporting all income
New York State return with high tax rates
NYC return if you're a city resident
New Mexico non-resident return for mineral income
Selling eliminates the ongoing New Mexico filing requirement. You'll pay capital gains tax on the sale (federal and NY), but after that, your annual tax complexity decreases. Many New York owners find this simplification valuable. Consult a tax professional for advice specific to your situation.
County, section/township/range, production
Production data, permits, formation analysis
No travel to New Mexico required
Wire transfer or certified check
We'll research your New Mexico mineral rights and provide a written offer. No obligation, no cost.
Start Your Free ValuationOr call us at (817) 778-9532
#3 U.S. oil producer
Top 10 gas producer
33 counties
Delaware Basin hotspot