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$1,500,000 For Sale

Lea Basin Water Rights
Hobbs, NM 88240

lot: 770 acres
Property Photo


Water Rights. 770 +/- Acre Feet (proved up). These can be moved anywhere within the Lea County Basin, other than critical management areas. *Can be moved anywhere within the white area (see map for details). After reducing the irrigation water right to commercial, it results in 514 acre feet, or right at 4 million barrels of water per year available for sale or use. Oil and gas industry personnel can relate to the barrel amount.

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