State Lease 3

Oil & Gas Property in Baldwin Offshore, AL

Property Summary

Key data points for State Lease 3

CountyBaldwin Offshore, AL
Production DatesMay 1987 - Sep 2023
Total Oil Production76,017 BBLs
Total Gas Production307,854,896 MCF
Recent Oil Production79 BBLs in Aug 2023
Recent Gas Production310,363 MCF in Aug 2023
Wells on Property6

Our Valuation Estimates for State Lease 3

ShaleAssessment

$1,544,558 *

MarketMultiple

$608,342 **

* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue

Based on a decimal interest

State Lease 3 Production Graph

Aggregated production of all wells and leases associated with this property
Subscribe for Full Access Subscribe now to gain immediate access
to oil and gas production for State Lease 3
from May 1987 to Sep 2023

Wells on State Lease 3

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
01-203-20061STATE LEASE 350 #1Mobil Oil Exploration & Producing Southeast, Inc.Plugged And AbandonedBaldwin Offshore, AL30.240415-88.016610
01-203-20078STATE LEASE 350 #2Mobil Oil Exploration & Producing Southeast, Inc.Plugged And AbandonedBaldwin Offshore, AL30.240415-88.016610
01-203-20265STATE LEASE 350 (TRACT 95) #3Mobil Oil Exploration & Producing Southeast, Inc.ProducingBaldwin Offshore, AL30.240514-88.016590
01-203-20268STATE LEASE 350 (TRACT 95) #4Mobil Oil Exploration & Producing Southeast, Inc.Plugged And AbandonedBaldwin Offshore, AL30.240475-88.016589
01-203-20268STATE LEASE 348 (TRACT 77) #3Exxon Mobil CorporationProducingBaldwin Offshore, AL30.240475-88.016589
01-203-20308State Lease 348, Tract 77, No.5Mobil Oil Exploration & Producing Southeast, Inc.ProducingBaldwin Offshore, AL30.249880-87.995860

Nearby Properties

These are the closest 8 properties to the State Lease 3 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
S/L 531 #5Mobile Offshore, AL56 BBLs220,676 MCFSep 2023
SL 615Baldwin Offshore, AL0 BBLs0 MCFFeb 2015
SL 624 #4Baldwin Offshore, AL111 BBLs411,195 MCFSep 2023
State LeaseBaldwin Offshore, AL131 BBLs527,027 MCFSep 2023
State LeaseMobile Offshore, AL8 BBLs30,781 MCFSep 2023
State Lease 34Mobile Offshore, AL116 BBLs455,955 MCFSep 2023
State Lease 53Mobile Offshore, AL167 BBLs647,384 MCFSep 2023
State Lease 624Baldwin Offshore, AL94 BBLs348,434 MCFSep 2023

Companies in the Area

These are the closest 5 companies operating near the State Lease 3 property.

Company Name
Exxon Corp
Exxon Mobil Corporation
Legacy Resources Co., L.P.
Mobil Oil Exploration & Producing Southeast, Inc.
W & T Offshore, Inc.