State Lease 34

Oil & Gas Property in Mobile Offshore, AL

Property Summary

Key data points for State Lease 34

CountiesMobile Offshore, AL
Mobile County, AL
Baldwin Offshore, AL
OperatorMOBIL OIL EXPLORATION & PRODUCING SOUTHEAST, INC.
Production DatesApr 1988 - Nov 2023
Total Oil Production94,687 BBLs
Total Gas Production442,818,003 MCF
Recent Oil Production109 BBLs in Oct 2023
Recent Gas Production497,216 MCF in Oct 2023
Wells on Property11

Our Valuation Estimates for State Lease 34

ShaleAssessment

$1,681,409 *

MarketMultiple

$1,326,279 **

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

Based on a decimal interest

State Lease 34 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 34
from Apr 1988 to Nov 2023

Wells on State Lease 34

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
01-097-20211STATE LEASE 349 #1Mobil Oil Exploration & Producing Southeast, Inc.CanceledMobile County, AL30.239786-88.066532
01-203-20104STATE LEASE 348 #1Mobil Oil Exploration & Producing Southeast, Inc.ProducingBaldwin Offshore, AL30.261389-88.023889
01-203-20237STATE LEASE 348 #4Mobil Oil Exploration & Producing Southeast, Inc.Dry And AbandonedBaldwin Offshore, AL30.251672-88.021472
01-297-19512STATE LEASE 349 #1Mobil Oil Exploration & Producing Southeast, Inc.CanceledMobile Offshore, AL30.239786-88.066532
01-297-20135STATE LEASE 347 #1Mobil Oil Exploration & Producing Southeast, Inc.Dry And AbandonedMobile Offshore, AL30.253611-88.052222
01-297-20135STATE LEASE 347 #1Mobil Oil Exploration & Producing Southeast, Inc.Temporarily AbandonedMobile Offshore, AL30.253611-88.052222
01-297-20189STATE LEASE 349 #2Mobil Oil Exploration & Producing Southeast, Inc.Shut InMobile Offshore, AL30.253888-88.052222
01-297-20211STATE LEASE 349 #1Mobil Oil Exploration & Producing Southeast, Inc.CanceledMobile Offshore, AL30.238611-88.070833
01-297-20221STATE LEASE 347 #2Mobil Oil Exploration & Producing Southeast, Inc.Plugged And AbandonedMobile Offshore, AL30.264413-88.066419
01-297-20233STATE LEASE 348 (TRACT 77) #2Mobil Oil Exploration & Producing Southeast, Inc.ProducingMobile Offshore, AL30.261389-88.023889
01-297-20378STATE LEASE 347, TRACT 76, #3Mobil Oil Exploration & Producing Southeast, Inc.ProducingMobile Offshore, AL30.253790-88.052170

Nearby Properties

These are the closest 8 properties to the State Lease 34 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
S/L 531 #5Mobile Offshore, AL43 BBLs188,354 MCFNov 2023
SL 615Baldwin Offshore, AL0 BBLs0 MCFFeb 2015
SL 624 #4Baldwin Offshore, AL92 BBLs410,141 MCFNov 2023
State LeaseBaldwin Offshore, AL106 BBLs465,170 MCFNov 2023
State LeaseMobile Offshore, AL2 BBLs7,861 MCFNov 2023
State Lease 3Baldwin Offshore, AL57 BBLs260,128 MCFNov 2023
State Lease 53Mobile Offshore, AL141 BBLs609,757 MCFNov 2023
State Lease 624Baldwin Offshore, AL75 BBLs333,348 MCFNov 2023

Companies in the Area

These are the closest 5 companies operating near the State Lease 34 property.

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