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Hobbs is a city in Lea County, New Mexico, United States. Its population was 40,508 at the 2020 census , [ 4 ] increasing from 34,122 in 2010. Hobbs is the principal city of the Hobbs, New Mexico micropolitan statistical area , which includes all of Lea County.
AMREP Southwest Inc. operates AMREP's land development division. Shortly after its incorporation, the company purchased 55,000 acres (220 km 2) of land just north of Albuquerque, New Mexico, dubbing the new town Rio Rancho, New Mexico. It planned to subdivide and resell it to retirees and out-of-state vacationers.
According to the U.S. Census Bureau, the county has a total area of 4,394 square miles (11,380 km 2), of which 4,391 sq mi (11,370 km 2) are land and 3.3 sq mi (8.5 km 2) (0.07%) are covered by water. [3] Lea County is located in the southeast corner of New Mexico and borders Texas to the south and east.
North Hobbs is an unincorporated community and census-designated place in Lea County, New Mexico, United States. Its population was 5,391 as of the 2010 census . [ 4 ]
The New Mexico commissioner of public lands is an elected constitutional officer [1] in the executive branch in charge of managing all state lands and mineral rights, as well as overseeing leases and royalties on state land, in the U.S. state of New Mexico. [2]
C. Cambray, New Mexico; Candy Kitchen, New Mexico; Cañoncito, Bernalillo County, New Mexico; Canoncito, Mora County, New Mexico; Cañoncito, Rio Arriba County, New ...
The New Mexico Land Grant Permanent Fund (LGPF) is a permanent fund that provides revenues to New Mexico's public schools and universities, among other special beneficiaries. [1] Its assets include mineral rights throughout the state. [2] It is one of the largest permanent funds in the United States, managing more than $28.65 billion in total ...
It has the highest proportion of federal land with oil and gas, as well as the most lucrative: since the last amendment to the U.S. Mineral Leasing Act in 1987, New Mexico had by far the lowest percent of land sold for the minimum statutory amount of $2 per acre, at just 3%; by contrast, all of Arizona's federal land was sold at the lowest rate ...