OTHERAPPROVED

City Sells 21.75 Airpark Acres to Mewbourne Oil

The Hobbs City Commission adopted Ordinance No. 1170 approving the sale of approximately 21.75 acres in the Hobbs Industrial Airpark South Subdivision to Mewbourne Oil Company for $1,210,000, with an additional $4,000 appraisal reimbursement. Mewbourne will fund all closing and replat costs, and the City retains a conditional repurchase option tied to future investment and time limits.

Document date · July 6, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$1,210,000 plus $4,000 appraisal reimbursement (total $1,214,000)
Contract type
OTHER
Renewal
Real estate sale; City retains a repurchase option at the original purchase price that automatically terminates upon qualifying private capital improvements equal to four times the purchase price, ten years after closing, or City Commission release.
Document type
Agenda
Source document
Hobbs City Commission Agenda 2026-07-06

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Hobbs?

Mewbourne Oil Company was awarded this government contract by City of Hobbs, as recorded on July 6, 2026. The contract value is $1,210,000 plus $4,000 appraisal reimbursement (total $1,214,000).

How much is the Mewbourne Oil Company contract with City of Hobbs worth?

The Mewbourne Oil Company contract with City of Hobbs is valued at $1,210,000 plus $4,000 appraisal reimbursement (total $1,214,000).

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Hobbs City Commission Agenda 2026-07-06 (Agenda), dated July 6, 2026 from City of Hobbs. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Mewbourne Oil Company hold?

Mewbourne Oil Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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