What owners usually receive
Federal and state minerals in the chain, or a split estate, can make a private buyer’s deed the wrong instrument. San Juan conventional / coalbed history is a different underwriting story than Delaware shale. Do not assume a Texas-style royalty clause is normal here. Get the legal description and ownership type (fee vs mixed) on the table before a counter.
Counties that show up often in the mail
- Lea, Eddy
- San Juan, Rio Arriba
A county on this list does not mean your offer is high or low. It means buyers are already working the recorder’s index. Follow how to respond, check deed vs lease, and send the packet for a consult if you want help negotiating.