Penlon Ranch 24 State

Oil & Gas Property in Eddy County, NM

Property Summary

Key data points for Penlon Ranch 24 State

CountyEddy County, NM
OperatorMEWBOURNE OIL COMPANY
Production DatesOct 2007 - Feb 2025
Total Oil Production5,303 BBLs
Total Gas Production1,996,707 MCF
Recent Oil Production12 BBLs in Feb 2025
Recent Gas Production1,004 MCF in Feb 2025
Wells on Property3

Our Valuation Estimates for Penlon Ranch 24 State

ShaleAssessment

$731 *

MarketMultiple

$2,013 **

* 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 Feb 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, NM430 BBLs3,856 MCFFeb 2025
Angel Draw 2 State ComEddy County, NM24 BBLs3,980 MCFFeb 2025
Avalon Delaware UnitEddy County, NM7,164 BBLs3,394 MCFFeb 2025
Burton FlatEddy County, NM84 BBLs8,364 MCFFeb 2025
Eddy FT StateEddy County, NM0 BBLs3,013 MCFFeb 2025
Eddy FV StateEddy County, NM24 BBLs907 MCFFeb 2025
Eddy Ge State ComEddy County, NM0 BBLs1,077 MCFFeb 2025
Federal VEddy County, NM0 BBLs648 MCFFeb 2025
Mad Max 6 Federal ComEddy County, NM40,799 BBLs298,499 MCFFeb 2025
Maralo 3Eddy County, NM0 BBLs1,012 MCFFeb 2025
Mesa Macho ComEddy County, NM0 BBLs0 MCFDec 2001
Oxy Big HossEddy County, NM0 BBLs0 MCFNov 2022
Oxy Hopsing FederalEddy County, NM0 BBLs812 MCFFeb 2025
Oxy Uncle Ben StateEddy County, NM0 BBLs0 MCFOct 2022
Penlon 22Eddy County, NM0 BBLs1,363 MCFFeb 2025
Potts FederalEddy County, NM19 BBLs154 MCFFeb 2025
StateEddy County, NM0 BBLs2,298 MCFFeb 2025
StonewallEddy County, NM0 BBLs955 MCFFeb 2025
Voyager 11 Eh Federal ComEddy County, NM118 BBLs3,524 MCFFeb 2025
Wine Mixer 21 20Eddy County, NM42,137 BBLs154,057 MCFFeb 2025