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 - Feb 2024
Total Oil Production85,096 BBLs
Total Gas Production356,482,842 MCF
Recent Oil Production120 BBLs in Jan 2024
Recent Gas Production268,724 MCF in Jan 2024
Wells on Property3

Our Valuation Estimates for State Lease 624

ShaleAssessment

$1,712,476 *

MarketMultiple

$866,076 **

* 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 Feb 2024

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, AL76 BBLs185,679 MCFFeb 2024
SL 615Baldwin Offshore, AL0 BBLs0 MCFFeb 2015
SL 624 #4Baldwin Offshore, AL175 BBLs392,393 MCFFeb 2024
State Lease 3Baldwin Offshore, AL100 BBLs227,354 MCFFeb 2024
State Lease 34Mobile Offshore, AL225 BBLs510,039 MCFFeb 2024
State Lease 53Mobile Offshore, AL244 BBLs583,346 MCFFeb 2024

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.