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 - Mar 2025
Total Oil Production77,817 BBLs
Total Gas Production312,372,607 MCF
Recent Oil Production167 BBLs in Feb 2025
Recent Gas Production263,428 MCF in Feb 2025
Wells on Property6

Our Valuation Estimates for State Lease 3

ShaleAssessment™

$1,251,260 *

MarketMultiple™

$921,554 **

* 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 Mar 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

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, AL119 BBLs162,689 MCFMar 2025
SL 615Baldwin Offshore, AL0 BBLs0 MCFFeb 2015
SL 624 #4Baldwin Offshore, AL199 BBLs299,489 MCFMar 2025
State LeaseMobile Offshore, AL23 BBLs29,317 MCFMar 2025
State LeaseBaldwin Offshore, AL110 BBLs143,790 MCFMar 2025
State LeaseBaldwin Offshore, AL181 BBLs231,775 MCFMar 2025
State Lease 34Mobile Offshore, AL292 BBLs460,349 MCFMar 2025
State Lease 53Mobile Offshore, AL307 BBLs417,995 MCFMar 2025
State Lease 624Baldwin Offshore, AL85 BBLs127,331 MCFMar 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.