State Lease 3

Oil & Gas Property in Baldwin Offshore, AL

  2. Alabama
  3. Baldwin Offshore, AL
  4. Oil & Gas Properties in Baldwin Offshore, AL
  5. State Lease 3 Oil & Gas Property

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Property Summary

Key data points for State Lease 3

CountyBaldwin Offshore, AL
Production DatesMay 1987 - Sep 2025
Total Oil Production78,207 BBLs
Total Gas Production313,762,739 MCF
Recent Oil Production26 BBLs in Sep 2025
Recent Gas Production201,435 MCF in Sep 2025
Wells on Property6

Our Valuation Estimates for State Lease 3

ShaleAssessment™

$1,167,089 *

MarketMultiple™

$1,087,792 **

* 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 Sep 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 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

Operators Associated With State Lease 3

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, AL17 BBLs157,185 MCFOct 2025
SL 615Baldwin Offshore, AL0 BBLs0 MCFFeb 2015
SL 624 #4Baldwin Offshore, AL37 BBLs359,183 MCFOct 2025
State LeaseBaldwin Offshore, AL44 BBLs410,841 MCFOct 2025
State LeaseMobile Offshore, AL3 BBLs32,768 MCFOct 2025
State LeaseBaldwin Offshore, AL22 BBLs184,425 MCFOct 2025
State Lease 34Mobile Offshore, AL43 BBLs324,815 MCFSep 2025
State Lease 53Mobile Offshore, AL57 BBLs541,111 MCFOct 2025
State Lease 624Baldwin Offshore, AL33 BBLs317,125 MCFOct 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.