Penlon Ranch 24 State

Oil & Gas Property in Eddy County, NM

  2. New Mexico
  3. Eddy County, NM
  4. Oil & Gas Properties in Eddy County, NM
  5. Penlon Ranch 24 State Oil & Gas Property

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Property Summary

Key data points for Penlon Ranch 24 State

CountyEddy County, NM
OperatorMEWBOURNE OIL COMPANY
Production DatesOct 2007 - Sep 2025
Total Oil Production5,315 BBLs
Total Gas Production2,002,542 MCF
Recent Oil Production3 BBLs in Sep 2025
Recent Gas Production493 MCF in Sep 2025
Wells on Property3

Our Valuation Estimates for Penlon Ranch 24 State

ShaleAssessment™

$665 *

MarketMultiple™

$4,774 **

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

Based on a decimal interest

Penlon Ranch 24 State Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Penlon Ranch 24 State
from Oct 2007 to Sep 2025

Wells on Penlon Ranch 24 State

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
30-015-35325PENLON RANCH 24 STATE 001MEWBOURNE OIL COActiveEddy County, NM32.563488-104.228378
30-015-35326PENLON RANCH 24 STATE 002CMEWBOURNE OIL COCancelledEddy County, NM32.564384-104.241077
30-015-36277PENLON RANCH 24 STATE 002MEWBOURNE OIL COActiveEddy County, NM32.561642-104.241097

Leases included in Penlon Ranch 24 State

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
36222PENLON RANCH 24 STATEMEWBOURNE OIL COEddy County, NM

Nearby Properties

These are the closest 20 properties to the Penlon Ranch 24 State property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
AlliedEddy County, NM1 BBLs8 MCFSep 2025
Angel Draw 2 State ComEddy County, NM0 BBLs5,237 MCFSep 2025
Avalon Delaware UnitEddy County, NM0 BBLs0 MCFAug 2025
Burton FlatEddy County, NM5 BBLs6,098 MCFSep 2025
Cripple Creek 35 34 FederalEddy County, NM41,054 BBLs89,063 MCFSep 2025
Eddy FT StateEddy County, NM0 BBLs2,185 MCFSep 2025
Eddy FV StateEddy County, NM0 BBLs435 MCFSep 2025
Eddy Ge State ComEddy County, NM0 BBLs1,907 MCFSep 2025
Federal VEddy County, NM0 BBLs464 MCFSep 2025
Mad Max 6 Federal ComEddy County, NM30,294 BBLs245,810 MCFSep 2025
Maralo 3Eddy County, NM0 BBLs718 MCFSep 2025
Omaha 36 31 Federal ComEddy County, NM106,838 BBLs222,316 MCFSep 2025
Oxy Big HossEddy County, NM0 BBLs0 MCFNov 2022
Oxy Hopsing FederalEddy County, NM0 BBLs820 MCFOct 2025
Penlon 22Eddy County, NM0 BBLs938 MCFSep 2025
Potts FederalEddy County, NM0 BBLs127 MCFSep 2025
Shark Week 12 10 Federal ComEddy County, NM24,410 BBLs68,630 MCFSep 2025
StateEddy County, NM2 BBLs1,502 MCFSep 2025
StonewallEddy County, NM0 BBLs2,260 MCFOct 2025
Wine Mixer 21 20Eddy County, NM37,418 BBLs247,065 MCFSep 2025

Companies in the Area

These are the closest 20 companies operating near the Penlon Ranch 24 State property.

Company Name
BXP Operating, LLC
COG Operating LLC
Devon Energy Production Co
Devon Energy Production Company, L.P.
EOG Resources Inc
EOG Y Resources Inc
Extex Operating Company
Exxon Mobil Corporation
Lankford Oil Co.
Maralo, LLC
Matador Production Company
Mewbourne Oil Company
MWJ Producing Company
Oxy USA Inc
Oxy USA WTP Limited Partnership
Permian Resources Operating, LLC
Premier Oil & Gas Inc
Vernon E. Faulconer, Inc.
Vision Energy Inc
XTO Energy Inc.