Oil & Gas Property in Lea County, NM
Key data points for Belgian Blue 28 21 State Com
| County | Lea County, NM |
|---|---|
| Operator | MEWBOURNE OIL COMPANY |
| Production Dates | Feb 2024 - May 2026 |
| Total Oil Production | 1,040,839 BBLs |
| Total Gas Production | 746,395 MCF |
| Recent Oil Production | 22,061 BBLs in May 2026 |
| Recent Gas Production | 26,912 MCF in May 2026 |
| Wells on Property | 4 |
Our Valuation Estimates for Belgian Blue 28 21 State Com
ShaleAssessment™
Not Available
MarketMultiple™
$3,237,224 **
* 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 Belgian Blue 28 21 State Com property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Albatross State Com | Lea County, NM | 544 BBLs | 412 MCF | May 2026 |
| Alpha State Com | Lea County, NM | 26,654 BBLs | 49,984 MCF | May 2026 |
| Arco State | Lea County, NM | 0 BBLs | 0 MCF | Apr 2025 |
| Eagle State Com | Lea County, NM | 17,819 BBLs | 27,381 MCF | May 2026 |
| Gateway 2 State | Lea County, NM | 210 BBLs | 0 MCF | May 2026 |
| Hibiscus 08 19 35 RN State Com | Lea County, NM | 1,203 BBLs | 2,172 MCF | May 2026 |
| Ironhouse 19 State Com | Lea County, NM | 1,795 BBLs | 5,662 MCF | May 2026 |
| Ironhouse 2 | Lea County, NM | 3,836 BBLs | 3,890 MCF | May 2026 |
| Ironhouse 3 | Lea County, NM | 67 BBLs | 10 MCF | May 2026 |
| Jackson 5 | Lea County, NM | 0 BBLs | 0 MCF | Oct 2018 |
| New Mexico DD State | Lea County, NM | 0 BBLs | 0 MCF | Mar 2026 |
| Nighthawk State Com | Lea County, NM | 699 BBLs | 878 MCF | May 2026 |
| Norte State Com | Lea County, NM | 1,766 BBLs | 1,533 MCF | May 2026 |
| Peoples 3 | Lea County, NM | 0 BBLs | 0 MCF | Oct 2005 |
| Reeves 26 | Lea County, NM | 0 BBLs | 0 MCF | Nov 2025 |
| Reeves Queen WF Unit | Lea County, NM | 0 BBLs | 0 MCF | Apr 2026 |
| Smith 5 | Lea County, NM | 0 BBLs | 0 MCF | May 1996 |
| South Vacuum | Lea County, NM | 156 BBLs | 344 MCF | May 2026 |
| Top Round 16 9 State Com | Lea County, NM | 38,904 BBLs | 40,634 MCF | May 2026 |
| Vacuum State | Lea County, NM | 0 BBLs | 0 MCF | Apr 2007 |
These are the closest 20 companies operating near the Belgian Blue 28 21 State Com property.