Oil & Gas Property in Lea County, NM
Key data points for Alpha State Com
| County | Lea County, NM |
|---|---|
| Operator | FRANKLIN MOUNTAIN ENERGY 3, LLC |
| Production Dates | Dec 2023 - Feb 2024 |
| Total Oil Production | 65,546 BBLs |
| Total Gas Production | 43,086 MCF |
| Recent Oil Production | 27,497 BBLs in Feb 2024 |
| Recent Gas Production | 18,014 MCF in Feb 2024 |
| Wells on Property | 10 |
Our Valuation Estimates for Alpha State Com
ShaleAssessment™
Not Available
MarketMultiple™
$2,442,770 **
* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue
Based on a decimal interest
These are the closest 20 properties to the Alpha State Com property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Belgian Blue 28 21 State Com | Lea County, NM | 3,693 BBLs | 2,036 MCF | Feb 2024 |
| Cable 19 35 | Lea County, NM | 216 BBLs | 256 MCF | Feb 2024 |
| Eagle State Com | Lea County, NM | 53,586 BBLs | 39,594 MCF | Feb 2024 |
| Elkan | Lea County, NM | 0 BBLs | 0 MCF | Mar 1996 |
| Foxtail E2 05 32 W1 State Com | Lea County, NM | 2,392 BBLs | 1,739 MCF | Feb 2024 |
| Gateway 2 State | Lea County, NM | 324 BBLs | 85 MCF | Feb 2024 |
| Hibiscus 08 19 35 RN State Com | Lea County, NM | 883 BBLs | 969 MCF | Feb 2024 |
| Ironhouse 3 | Lea County, NM | 327 BBLs | 608 MCF | Feb 2024 |
| Jackson 5 | Lea County, NM | 0 BBLs | 0 MCF | Oct 2018 |
| New Mexico DD State | Lea County, NM | 77 BBLs | 0 MCF | Feb 2024 |
| Norte State Com | Lea County, NM | 9,791 BBLs | 7,601 MCF | Feb 2024 |
| Ora Jackson | Lea County, NM | 0 BBLs | 0 MCF | Jan 1996 |
| Pearl State | Lea County, NM | 0 BBLs | 0 MCF | Sep 2012 |
| Peoples 3 | Lea County, NM | 0 BBLs | 0 MCF | Oct 2005 |
| Rambo E2 08 17 State Com | Lea County, NM | 4,649 BBLs | 3,894 MCF | Feb 2024 |
| Scharb | Lea County, NM | 0 BBLs | 0 MCF | Jun 2021 |
| Smith 5 | Lea County, NM | 0 BBLs | 0 MCF | May 1996 |
| Sprinkle Federal | Lea County, NM | 0 BBLs | 0 MCF | Mar 2007 |
| Tomcat Fee | Lea County, NM | 730 BBLs | 123 MCF | Feb 2024 |
| Vacuum State | Lea County, NM | 0 BBLs | 0 MCF | Apr 2007 |
These are the closest 20 companies operating near the Alpha State Com property.