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 - Feb 2026
Total Oil Production5,320 BBLs
Total Gas Production2,005,069 MCF
Recent Oil Production5 BBLs in Feb 2026
Recent Gas Production1,400 MCF in Feb 2026
Wells on Property3

Our Valuation Estimates for Penlon Ranch 24 State

ShaleAssessment™

$617 *

MarketMultiple™

$2,157 **

* 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 2026

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, NM1,091 BBLs2,643 MCFFeb 2026
Avalon Delaware UnitEddy County, NM5,041 BBLs3,080 MCFFeb 2026
Burton FlatEddy County, NM0 BBLs3,296 MCFFeb 2026
Cripple Creek 35 34 FederalEddy County, NM56,250 BBLs122,878 MCFFeb 2026
Eddy FT StateEddy County, NM0 BBLs2,040 MCFFeb 2026
Eddy FV StateEddy County, NM496 BBLs954 MCFFeb 2026
Eddy Ge State ComEddy County, NM0 BBLs1,502 MCFFeb 2026
Federal VEddy County, NM0 BBLs932 MCFFeb 2026
Juno 26 25 State ComEddy County, NM127,206 BBLs223,883 MCFFeb 2026
Mad Max 6 Federal ComEddy County, NM25,451 BBLs227,092 MCFFeb 2026
Maralo 3Eddy County, NM0 BBLs647 MCFFeb 2026
Omaha 36 31 Federal ComEddy County, NM135,738 BBLs334,333 MCFFeb 2026
Oxy Big HossEddy County, NM0 BBLs0 MCFNov 2022
Oxy Hopsing FederalEddy County, NM0 BBLs0 MCFOct 2025
Penlon 22Eddy County, NM0 BBLs810 MCFFeb 2026
Potts FederalEddy County, NM0 BBLs548 MCFFeb 2026
Shark Week 12 10 Federal ComEddy County, NM52,078 BBLs95,137 MCFFeb 2026
StateEddy County, NM0 BBLs773 MCFFeb 2026
StonewallEddy County, NM0 BBLs1,700 MCFFeb 2026
Wine Mixer 21 20Eddy County, NM34,310 BBLs243,173 MCFFeb 2026

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.