State Lease

Oil & Gas Property in Mobile Offshore, AL

Property Summary

Key data points for State Lease

CountyMobile Offshore, AL
Production DatesNov 1993 - Sep 2023
Total Oil Production23,230 BBLs
Total Gas Production94,657,384 MCF
Recent Oil Production8 BBLs in Aug 2023
Recent Gas Production30,781 MCF in Aug 2023
Wells on Property4

Our Valuation Estimates for State Lease

ShaleAssessment

$213,035 *

MarketMultiple

$87,620 **

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

Based on a decimal interest

State Lease 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
from Nov 1993 to Sep 2023

Wells on State Lease

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
01-297-20224STATE LEASE 534 #1Exxon Mobil CorporationProducingMobile Offshore, AL30.295833-88.044722
01-297-20363STATE LEASE 805 #61-1Exxon Corp.Dry And AbandonedMobile Offshore, AL30.301445-88.088510
01-297-20376STATE LEASE 534 #2Legacy Resources Co., L.P.Plugged And AbandonedMobile Offshore, AL30.305490-88.050750
01-297-20377STATE LEASE 347 #3Legacy Resources Co., L.P.Plugged And AbandonedMobile Offshore, AL30.286720-88.068140

Nearby Properties

These are the closest 5 properties to the State Lease property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Dwain Luce Et AlMobile County, AL0 BBLs0 MCFJul 1990
SL 615Baldwin Offshore, AL0 BBLs0 MCFFeb 2015
State LeaseBaldwin Offshore, AL131 BBLs527,027 MCFSep 2023
State Lease 3Baldwin Offshore, AL79 BBLs310,363 MCFSep 2023
State Lease 34Mobile Offshore, AL116 BBLs455,955 MCFSep 2023

Companies in the Area

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

Company Name
Exxon Corp
Exxon Mobil Corporation
Federal Hill Land Co., Inc.
Legacy Resources Co., L.P.
Mobil Oil Exploration & Producing Southeast, Inc.