Home News Local News California woman buys Chaves County BLM leases

California woman buys Chaves County BLM leases


Copyright © 2021 Roswell Daily Record

A California entrepreneur secured oil and gas leases on five Chaves County parcels during an Oct. 29 auction by the U.S. Bureau of Land Management.

Levi Sap Nei Thang LLC of Los Angeles paid $70,930 for 2,560 acres in Chaves County, according to information posted online by the BLM.

Thang also bid successfully for leases on two Eddy County parcels totaling 4,396 acres. She paid $72,891 for those.

According to a social media site and website, Thang is a native of Myanmar and a legal resident of the United States. She describes herself as a poet, artist, inspirational speaker and entrepreneur who develops fragrances, skin care products and handbags. She also notes that she acquires oil and gas leases.

Her website indicates that she has offices in Los Angeles as well as Albuquerque, and a state business filing indicates that the limited liability corporation was registered in New Mexico in July 2020.

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A phone number given on her website was not accepting messages, and Thang did not respond to questions sent via her website by press time.

The October auction raised more than $3.13 million for the lease of 11 parcels in Chaves, Eddy and Lea counties.

The highest bid was for about $1.82 million for a 160-acre parcel in Lea County. The successful bidder was Federal Abstract Co. of Santa Fe, a land management firm that often bids on behalf of other companies.

Federal Abstract also secured leases on one Eddy County parcel. Other successful bidders included Mewbourne Oil Co. of Tyler, Texas, on an Eddy County parcel and SCR Energy Capital LLC of Phoenix, Maryland on a Lea County parcel.

The auction attracted 34 registered bidders and 20 active ones.

The money raised goes to the U.S. Treasury, which sends about half back to the state where the parcels are located. The state also can earn royalties from productive oil and gas wells during the 10-year leases.

The auction garnered protests from six conservation groups, but the BLM dismissed all claims.

The next online auction is scheduled for Jan. 14 and is expected to involve 33 parcels in Lea and Eddy counties and Wise County, Texas.

Senior Writer Lisa Dunlap can be reached at 575-622-7710, ext. 351, or at reporter02@rdrnews.com.

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Lisa Dunlap is a general assignment reporter for the Roswell Daily Record.