309 W NM 128

A rare opportunity to acquire enough acreage for an office and yard in the heart of the Delaware Basin. In the past ten years, development in the Delaware portion of the Permian Basin has exploded. In 2018 the USGS estimated that the Delaware Basin in West Texas and Southern New Mexico has the potential to produce 46.3 billion barrels of oil and produce 281 trillion cubic feet of natural gas.

Major companies such as ExxonMobil, Chevron, BP, and ConocoPhillips are expected to raise their investments in the Basin by 60% from 2021 levels. This level of commitment will increase the need for ancillary business in the area. The property is located; 3 miles west of Jal on Hwy 128, 45 miles south of Hobbs, 80 miles west of Midland, and 70 miles east of Carlsbad. The location, existing improvements, and acreage on this site would allow an investor to maximize returns based on both potential yard rentals as well as a site for an owner-operated business.

The yard consists of 7 different lots that are ready to be used or would be a great income generator. Lots are leveled, fenced, and caliche in. The main access road is caliche and suitable for large traffic.

Headquarters consists of 2,700 sq ft house and bunkhouse, a 2,200 sq ft and 5,000 sq ft Shop, new single wide mobile home and various stalls, pens, and corrals