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 - Dec 2025
Total Oil Production78,510 BBLs
Total Gas Production314,464,176 MCF
Recent Oil Production44 BBLs in Nov 2025
Recent Gas Production198,705 MCF in Nov 2025
Wells on Property6

Our Valuation Estimates for State Lease 3

ShaleAssessment

$1,123,535 *

MarketMultiple

$952,027 **

* 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
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to oil and gas production for State Lease 3
from May 1987 to Dec 2025

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 348 (TRACT 77) #3Exxon Mobil CorporationProducingBaldwin Offshore, AL30.240475-88.016589
01-203-20268STATE LEASE 350 (TRACT 95) #4Mobil Oil Exploration & Producing Southeast, Inc.Plugged And AbandonedBaldwin 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 9 properties to the State Lease 3 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
S/L 531 #5Mobile Offshore, AL27 BBLs129,228 MCFDec 2025
SL 615Baldwin Offshore, AL0 BBLs0 MCFFeb 2015
SL 624 #4Baldwin Offshore, AL63 BBLs308,723 MCFDec 2025
State LeaseBaldwin Offshore, AL37 BBLs168,208 MCFDec 2025
State LeaseBaldwin Offshore, AL91 BBLs421,456 MCFDec 2025
State LeaseMobile Offshore, AL7 BBLs33,788 MCFDec 2025
State Lease 34Mobile Offshore, AL74 BBLs333,133 MCFDec 2025
State Lease 53Mobile Offshore, AL99 BBLs478,346 MCFDec 2025
State Lease 624Baldwin Offshore, AL55 BBLs266,615 MCFDec 2025

Companies in the Area

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

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