# Sell Oil and Gas Royalties in New Mexico: Value, Process, Timeline > Selling oil and gas royalties in New Mexico: what drives value here, current drilling activity, what state law already guarantees you before you sell, what the process and timeline look like, and when you should not sell. Source: https://www.berlinroyalties.com/sell-oil-and-gas-royalties/new-mexico/ Publisher: Berlin Royalties, a veteran-owned oil and gas mineral and royalty buyer in Tulsa, Oklahoma, buying for its own account since 2014. Call or text 918-984-1645. License: free to quote and cite with attribution to Berlin Royalties and a link to the source URL. Sell Your Royalties · New Mexico ## Sell oil and gas royalties in New Mexico A real number with the arithmetic shown, usually within one business day. No fee, no listing, no deadline, and if we think you should keep the royalty we will say so. [Get a Free Valuation](https://www.berlinroyalties.com/free-valuation/) [Check an Offer You Have](https://www.berlinroyalties.com/offer-checker/) We buy producing royalties, overriding royalties, non-participating royalties and non-producing minerals in New Mexico. Send a check stub, a division order, or just a county and a family name, and we will tell you what you own and what it is worth before anyone asks you to decide anything. ## What is happening in New Mexico right now Because a royalty is priced on what will be produced, not on what was. From Enverus, current as of 2026-08-17: - **89** active rigs - **1035** permits approved in the last 90 days - **47** wells reporting first production in the last 90 days That is heavy activity, and it cuts both ways for a seller. Competition for your interest is real, so use it. But undrilled locations are also worth real money here, and an offer built only on your current monthly check is buying that upside from you for nothing. Ask any buyer what they are paying for the undrilled side. ## What New Mexico already owes you, before you sell anything Worth checking first. Some things that look like a reason to sell are a payment problem the operator owes you. - **First payment due:** 6 months after first sale - **Ongoing oil payments:** 45 days after month payor is paid - **Ongoing gas payments:** 45 days after month payor is paid - **Late payment interest:** 18% per year penalty. Funds properly in suspense: Dallas Fed discount plus 1.5% - **Minimum payment rule:** No threshold, but the 18% penalty does not apply under $100 Statute: NMSA §§ 70-10-3, 70-10-4, 70-10-5. Full detail for every state is on [royalty payment laws by state](https://www.berlinroyalties.com/royalty-payment-laws/). ## Who is on your check The largest operators in New Mexico by producing well count. The company on your check is your **operator**, not a buyer, and the two get confused constantly. - [HILCORP](https://www.berlinroyalties.com/operators/company/hilcorp/), roughly 16079 producing wells - [DEVON](https://www.berlinroyalties.com/operators/company/devon/), roughly 3224 producing wells - [EOG](https://www.berlinroyalties.com/operators/company/eog/), roughly 3084 producing wells - [MACH NATURAL RESOURCES LP](https://www.berlinroyalties.com/operators/company/mach-natural-resources-lp/), roughly 2834 producing wells - [MEWBOURNE OIL](https://www.berlinroyalties.com/operators/company/mewbourne-oil/), roughly 2498 producing wells - [OCCIDENTAL](https://www.berlinroyalties.com/operators/company/occidental/), roughly 2263 producing wells If your check has stopped or shrunk, start with [the statement decoder](https://www.berlinroyalties.com/royalty-statement-decoder/) rather than with a sale. ## How the number gets built An offer on a producing royalty is a multiple of recent monthly income, and that multiple is a payback period in disguise. Three assumptions decide whether it is fair: - **The decline rate on your specific wells.** Shale and conventional decline nothing alike, and a formula cannot tell which you own. - **The price deck.** The forward curve, not the spot headline. - **The undrilled locations.** The part that never appears in a mailed offer. Ask any buyer for all three. Our [offer checker](https://www.berlinroyalties.com/offer-checker/) converts a specific offer into the payback it implies, and [how mineral rights are valued](https://www.berlinroyalties.com/mineral-rights-value/) covers the method in full. ## Process and timeline - You send whatever you have. One business day later you have a number and the reasoning behind it. - You decide on your own clock. There is no deadline and we will not invent one. - Purchase agreement in plain language, then title work, which we pay for. - Closing in roughly two to four weeks on a clean interest. Probate gaps and old severances take longer. - Wire or check, and the deed records in the county. There is no cost to you at any step. We are a buyer, not a broker, so no commission comes out of your proceeds. ## Where we buy in New Mexico We have written up **6** New Mexico counties in detail, each with current producing well, rig and permit counts. We buy in every county in the state, including the ones without a page. [Chaves County](https://www.berlinroyalties.com/new-mexico/chaves-county/)[Eddy County](https://www.berlinroyalties.com/new-mexico/eddy-county/)[Lea County](https://www.berlinroyalties.com/new-mexico/lea-county/)[Rio Arriba County](https://www.berlinroyalties.com/new-mexico/rio-arriba-county/)[Roosevelt County](https://www.berlinroyalties.com/new-mexico/roosevelt-county/)[San Juan County](https://www.berlinroyalties.com/new-mexico/san-juan-county/) ## When not to sell in New Mexico - A new well just came online and the curve has not settled. - Permits or rigs are moving toward your section. Check free at [well records](https://www.berlinroyalties.com/well-records/) or set [Mineral Watch](https://www.berlinroyalties.com/mineral-watch/). - The monthly income matters to your budget. A lump sum spends; a royalty keeps arriving. - You have not checked whether money is already sitting in [suspense](https://www.berlinroyalties.com/unclaimed-royalties/). - Somebody is rushing you. ### Want a second number before you answer anyone? Send an offer letter, a check stub, a deed, or just a New Mexico county and a family name. We will tell you what you own, what we will pay and how we got there, and whether we think you should sell at all. If another offer beats ours we will tell you that too. [Get a Free Valuation](https://www.berlinroyalties.com/free-valuation/) [Ask a Landman](https://www.berlinroyalties.com/ask-a-landman/) ## Related - [Selling oil and gas royalties, nationally](https://www.berlinroyalties.com/sell-oil-and-gas-royalties/) - [New Mexico mineral rights](https://www.berlinroyalties.com/new-mexico/) and the [New Mexico owner's guide](https://www.berlinroyalties.com/guide/new-mexico/) - [Who buys mineral rights in New Mexico](https://www.berlinroyalties.com/who-buys-mineral-rights/new-mexico/) - [Questions to ask a buyer](https://www.berlinroyalties.com/questions-to-ask/) and [before you sign](https://www.berlinroyalties.com/before-you-sign/) - [Can I back out after signing?](https://www.berlinroyalties.com/can-i-back-out-of-a-mineral-rights-sale/) - [Taxes when you sell](https://www.berlinroyalties.com/mineral-rights-capital-gains-tax/) Rig, permit and operator counts are sourced from Enverus and current as of 2026-08-17. Berlin Royalties is the trade name of Berlin Resources LLC, a mineral buyer and a landman shop in Tulsa, not a law firm or a tax advisor.