STATE LAND OFFICE
Notice of Public Meeting to Receive Public Comment Regarding
Proposed Sale of State Trust Lands
Land Sale No. LE-1423
The New Mexico State Land Office (“SLO”) gives notice in accordance with NMSA 1978, Section 19-7-9.1 that it will hold a public meeting at the State Land Office Hobbs Field Office, 914 N. Linam Street, Hobbs, NM 88240, on May 20, 2025, starting at 6:00 p.m. MST. Those wishing to participate may do so in person or remotely by visiting https://us02web.zoom.us/j/87916125669 or by dialing in by phone at 1-669-900-9128 and entering the meeting ID: 879 1612 5669. Any change to the time will be posted with a final agenda on the SLO webpage (http://www.nmstatelands.org) at least 72 hours prior to the date and time specified above.
The purpose of the meeting is to receive public comment regarding a proposed sale of 80.00 acres of state trust lands (hereinafter, the “Land”) located eleven miles south of Lovington, New Mexico, Lea County, New Mexico in the N½SW¼, Section 32, Township 17 South, Range 36 East, N.M.P.M., approximately 1.5 mile south of the junction of Lee Ranch Road and Buckeye Road. Improvements to the Land include a 3,975 square foot site-built dwelling, 1,000 linear foot pipe out-door arena, 871 square foot horse shed and 840 square foot equipment shed, in-ground concrete pool, several outbuildings and pens, one electric submersible domestic well, and a private septic system. The Land is currently used as a rural home site with native pastures under a State Land Office lease, which will be relinquished at or before closing. Previously, the Land was used as part of a larger ranch that included a grazing lease for the Land and an additional contiguous 17,718 acres of state trust lands and additional fee land. This auction is for the sale of the 80.00± acres of surface estate only.
Sale of the Land is not expected to have a material effect on surrounding lands.
If the SLO makes a final decision to proceed with a potential sale, the Commissioner of Public Lands would conduct a public auction in accordance with the New Mexico Enabling Act (36 Stat. 557); NMSA Sections 19-7-1, 19-7-2 and 19-7-9; and State Land Office Rule 19.2.14 NMAC. The Commissioner of Public Lands would issue a notice of public auction published for at least 10 weeks as required by law soliciting bids on the land. The minimum sale price, established in accordance with an appraisal to ensure that any sale is for at least the true value of the land, will be $680,000.00. The Land would be offered for a cash sale (i.e., full payment in cash due at closing) as a single tract. Additional requirements may be established for submitting bids and completing the sale. The Commissioner would also reserve the right to reject all bids and withdraw the land from sale or to reinitiate the process of offering the Land for sale on the same or different terms. The purchaser would be required to pay all costs associated with the transaction, including but not limited to the cost of the appraisal, advertisement of the auction, and recording fees. Conveyance of the Land would be subject to all valid and existing leases, easements, restrictions, and reservations, including a reservation to the State of New Mexico of all minerals and geothermal resources in, under or upon the subject land.
If you have any questions, please contact Christopher Wolf, Economic Development Representative, at 505-827-5095 or email cwolf@nmslo.gov.