CJM Resources
About
CJM Resources is a privately held oil and gas company focused on the acquisition, exploration, production and development of oil and gas properties in the Permian Basin region of Texas and New Mexico. Since its inception in 2014, CJM has transacted on over $250 million worth of oil and gas leases in the Permian. CJM is headquartered in Midland, Texas.
Why Lease
Leasing minerals provides an opportunity for the landowner to receive a monetary “lease bonus” immediately upon the execution of the lease, as well as benefit from any future oil and gas production that occurs on the property in the form of a royalty payment. In regions that have been proven to contain large amounts of hydrocarbons, and that are actively being developed, leasing is often preferred by landowners, in contrast to selling the minerals, as it allows them to directly benefit from the oil and gas production on their property. The typical oil and gas lease requires the lessee to drill a well within the first three years, or the lease terminates. Upon lease termination, the landowner can then lease the property again, receiving another lease bonus in the process.
Our Focus
CJM is actively leasing in the Permian Basin, with a focus on the following counties:
Texas
- Midland
- Martin
- Howard
- Glasscock
- Reagan
- Upton
- Ward
- Loving
- Reeves
- Pecos
- Culberson
New Mexico
- Eddy
- Lea