Notice of Proposed Reinstatement of BLM New Mexico Terminated Oil and Gas Leases, Lea and Eddy Counties, NM
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Issuing agencies
Abstract
In accordance with the Mineral Leasing Act of 1920, as amended, the Bureau of Land Management (BLM) received petitions for reinstatement of terminated competitive oil and gas leases NMNM134896, NMNM134897, NMNM138884, NMNM138885, NMNM138887, NMNM141006, NMNM141409, NMNM141418, NMNM142575, NMNM105821017, and NMNM105821018 from FAE II LLC (FAE), Murchison Oil & Gas, LLC (Murchison), Blackbeard Operating, LLC (Blackbeard), MR NM Operating LLC (MR NM), V-F Petroleum Inc (V-F), Ridge Runner Agent Inc. (Ridge Runner), David J Disiere (Disiere), and Coterra Energy Operating Co. (Coterra). The lessees timely filed petitions for reinstatement of the competitive oil and gas leases located in Lea and Eddy counties, New Mexico. The lessees paid the required rentals accruing from the date of termination. No leases have been issued that affect these lands. The BLM proposes to reinstate the leases.
Full Text
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<title>Federal Register, Volume 91 Issue 34 (Friday, February 20, 2026)</title>
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[Federal Register Volume 91, Number 34 (Friday, February 20, 2026)]
[Notices]
[Page 8269]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-03396]
[[Page 8269]]
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DEPARTMENT OF THE INTERIOR
Bureau of Land Management
[A2407-014-004-065516; #O2509-014-004-125222; LLNM921000]
Notice of Proposed Reinstatement of BLM New Mexico Terminated Oil
and Gas Leases, Lea and Eddy Counties, NM
AGENCY: Bureau of Land Management, Interior.
ACTION: Notice of proposed lease reinstatement.
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SUMMARY: In accordance with the Mineral Leasing Act of 1920, as
amended, the Bureau of Land Management (BLM) received petitions for
reinstatement of terminated competitive oil and gas leases NMNM134896,
NMNM134897, NMNM138884, NMNM138885, NMNM138887, NMNM141006, NMNM141409,
NMNM141418, NMNM142575, NMNM105821017, and NMNM105821018 from FAE II
LLC (FAE), Murchison Oil & Gas, LLC (Murchison), Blackbeard Operating,
LLC (Blackbeard), MR NM Operating LLC (MR NM), V-F Petroleum Inc (V-F),
Ridge Runner Agent Inc. (Ridge Runner), David J Disiere (Disiere), and
Coterra Energy Operating Co. (Coterra). The lessees timely filed
petitions for reinstatement of the competitive oil and gas leases
located in Lea and Eddy counties, New Mexico. The lessees paid the
required rentals accruing from the date of termination. No leases have
been issued that affect these lands. The BLM proposes to reinstate the
leases.
FOR FURTHER INFORMATION CONTACT: Ross Klein, Natural Resource
Specialist, Branch of Fluid Minerals, Bureau of Land Management, New
Mexico State Office, 301 Dinosaur Trail, Santa Fe, New Mexico 87508,
(505) 954-2143, <a href="/cdn-cgi/l/email-protection#5e2c35323b37301e3c323370393128"><span class="__cf_email__" data-cfemail="bdcfd6d1d8d4d3fddfd1d093dad2cb">[email protected]</span></a>. Individuals in the United States who
are deaf, deafblind, hard of hearing, or have a speech disability may
dial 711 (TTY, TDD, or TeleBraille) to access telecommunications relay
services. Individuals outside the United States should use the relay
services offered within their country to make international calls to
the point-of-contact in the United States.
SUPPLEMENTARY INFORMATION: The lessees agree to new lease terms for
rental of $20 per acre, or fraction thereof, per year, and a royalty
rate of 20 percent. The lessees agreed to amended stipulations. The
lessees paid the required administration fee and have reimbursed the
BLM for the cost of publishing this notice.
The lessees meet the requirements for reinstatement of the lease
per sec. 31(d) and (e) of the Mineral Leasing Act of 1920 (30 U.S.C.
188). The BLM is proposing to reinstate lease NMNM134896 (FAE)
effective October 1, 2023, lease NMNM134897 (FAE) effective October 1,
2023, lease NMNM138884 (Murchison) effective November 1, 2019, lease
NMNM138885 (Blackbeard) effective November 1, 2020, lease NMNM138887
(Blackbeard) effective November 1, 2020, lease NMNM141006 (MR NM)
effective January 1, 2024, lease NMNM141409 (V-F) effective January 1,
2024, lease NMNM141418 (Ridge Runner) effective January 1, 2022, lease
NMNM142575 (Disiere) effective June 1, 2022, lease NMNM105821017
(Coterra) effective July 1, 2024, and lease NMNM105821018 (Coterra)
effective July 1, 2024 for the remainder of the primary term, subject
to: the original terms and conditions of the lease; amended
stipulations; increased rental of $20 per acre; and increased royalty
of 20 percent.
(Authority: 30 U.S.C. 188(e)(4) and 43 CFR 3108.23)
Michael J. Gibson,
Deputy State Director, Minerals.
[FR Doc. 2026-03396 Filed 2-19-26; 8:45 am]
BILLING CODE 4331-23-P
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