State Lease 624

Oil & Gas Property in Baldwin Offshore, AL

Property Summary

Key data points for State Lease 624

CountyBaldwin Offshore, AL
Production DatesNov 1993 - Sep 2023
Total Oil Production84,383 BBLs
Total Gas Production354,886,574 MCF
Recent Oil Production94 BBLs in Aug 2023
Recent Gas Production348,434 MCF in Aug 2023
Wells on Property3

Our Valuation Estimates for State Lease 624

ShaleAssessment

$1,808,468 *

MarketMultiple

$614,702 **

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

Based on a decimal interest

State Lease 624 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 624
from Nov 1993 to Sep 2023

Wells on State Lease 624

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
01-203-20181STATE LEASE 624 #1Exxon Corp.Plugged And AbandonedBaldwin Offshore, AL30.198216-88.021274
01-203-20270STATE LEASE 624 #2Exxon Mobil CorporationProducingBaldwin Offshore, AL30.183333-88.021667
01-203-20282STATE LEASE 624 #3Exxon Mobil CorporationProducingBaldwin Offshore, AL30.188889-88.021667

Operators Associated With State Lease 624

Nearby Properties

These are the closest 6 properties to the State Lease 624 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
S/L 531 #5Mobile Offshore, AL56 BBLs220,676 MCFAug 2023
SL 615Baldwin Offshore, AL0 BBLs0 MCFFeb 2015
SL 624 #4Baldwin Offshore, AL111 BBLs411,195 MCFAug 2023
State Lease 3Baldwin Offshore, AL79 BBLs310,363 MCFSep 2023
State Lease 34Mobile Offshore, AL116 BBLs455,955 MCFSep 2023
State Lease 53Mobile Offshore, AL167 BBLs647,384 MCFSep 2023

Companies in the Area

These are the closest 4 companies operating near the State Lease 624 property.

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