Sell Mineral Rights in New Mexico
Sell mineral rights in New Mexico by asking buyers for written offers before you sign anything. New Mexico produced about 805 million barrels of crude oil and about 4.1 trillion cubic feet of marketed natural gas in 2025, according to the U.S. Energy Information Administration. Most activity centers on the Delaware Basin, the New Mexico side of the Permian, in the southeast, and we take your interest to buyers at no cost to you.
Request offers Free to ask, with no upfront fee and no obligation to sell.
What shapes an offer for New Mexico minerals
Buyers price each tract on its own wells and the wells around it, so the Delaware Basin side of the Permian in the southeast and the San Juan Basin gas play in the northwest are priced differently.
Well and production records are kept by the New Mexico Oil Conservation Division, and your deed is recorded with the county where the land sits.
New Mexico rules to know before you sell
No New Mexico statute was found that ends or transfers a severed mineral interest for nonuse, and no marketable record title act was found. Do Mineral Rights Expire in New Mexico (opens in a new tab) gives the statute and its conditions.
New Mexico has a forced pooling statute.
New Mexico taxes oil at a 3.75 percent severance tax, a 3.15 percent emergency school tax and a conservation tax of 0.19 percent, raised to 0.24 percent after a quarter in which WTI averaged above $70, and gas at 3.75, 4 and 0.19 percent, plus an ad valorem production tax at county rates. Every interest owner is liable for its share, and the operator or purchaser withholds it from payments.
New Mexico taxes royalty income through its personal income tax. Payers must withhold state income tax from some royalty payments. Oil and Gas Severance Tax by State (opens in a new tab) compares every state.
One request. Buyers compete in writing. You call the shots.
Keep a recent check stub or the lease handy if you have one; it helps buyers price an offer, but you can ask without either. Nothing goes to a buyer until we have talked with you. If a buyer has already written to you, tell us; that letter becomes the number every other offer has to beat.
Free for families. You never pay us a dime.
Asking for an offer costs you nothing, and there is no fee when you sell. Usually we buy the interest ourselves, and the offer says so. We may resell it, and that is how we are paid; it never changes the price you agreed.
Your money moves through a licensed title company, escrow agent or closing attorney, never through our hands. Every written offer names its buyer.
Common questions
How do I sell mineral rights in New Mexico?
Send the county, your interest, and a recent check stub or lease if you have one. Buyers who are interested send written offers, you choose one or none, and you close through a licensed closing or title company.
Does New Mexico have a dormant mineral act?
No New Mexico statute was found that ends or transfers a severed mineral interest for nonuse, and no marketable record title act was found. Read the rule and its sources (opens in a new tab).
Where is oil and gas activity in New Mexico?
Oil and gas activity in the state centers on the Permian in the southeast, on the Delaware Basin side of the line.
What is a non-participating royalty interest (NPRI)?
A non-participating royalty interest pays a share of production but carries no leasing right and no bonus. It sells like a producing royalty, priced on the income it returns.
Do I sign a division order before selling?
A division order just verifies your decimal share so the operator pays you right. Signing one to get paid does not commit you to a sale and does not surrender ownership.
Is getting New Mexico mineral offers free?
Yes. Asking for offers is free, with no upfront fee and no obligation to sell.
What taxes apply when I sell New Mexico minerals?
A sale is generally treated as the sale of a capital asset, so federal capital gains rules usually apply, while royalty checks are ordinary income. New Mexico taxes royalty income from New Mexico property as part of its income tax; how a gain on a sale is taxed depends on where you live and on New Mexico’s rules for nonresidents. State production taxes, where they apply, usually come off the royalty check, and some producing minerals are also taxed locally.
Inherited minerals usually receive a stepped up basis as of the date of death, which can reduce the gain on a later sale. AMR’s state tax reference (opens in a new tab) has the rules and sources; confirm your own situation with a tax professional.
Does New Mexico tax oil and gas royalty income?
Yes. New Mexico’s income tax reaches royalty income from New Mexico property, including for owners who live in another state. Payers must withhold New Mexico tax from oil and gas proceeds paid to nonresidents, with some exceptions.
If you live elsewhere, your home state may tax the same income. Federal tax applies on top.
What is the severance tax on oil and gas in New Mexico?
New Mexico levies oil at a 3.75 percent severance tax, a 3.15 percent emergency school tax and a conservation tax of 0.19 percent, raised to 0.24 percent after a quarter in which WTI averaged above $70, and gas at 3.75, 4 and 0.19 percent, plus an ad valorem production tax at county rates. Every interest owner is liable for its share, and the operator or purchaser withholds it from payments. Rates, exemptions and sources (opens in a new tab).
How do I find out what minerals I own in New Mexico?
Check the county recorder where the land sits for the deed, the New Mexico Oil Conservation Division for well and production records, and the state unclaimed property program for any unclaimed royalty money. Our unclaimed royalties finder builds the checklist.
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Find out what your New Mexico soil would bring, before the next letter lands in your mailbox.
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