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 - Nov 2025 |
| Total Oil Production | 907,543 BBLs |
| Total Gas Production | 599,937 MCF |
| Recent Oil Production | 29,812 BBLs in Nov 2025 |
| Recent Gas Production | 33,421 MCF in Nov 2025 |
| Wells on Property | 4 |
Our Valuation Estimates for Belgian Blue 28 21 State Com
ShaleAssessment™
Not Available
MarketMultiple™
$4,223,403 **
* 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 | 1,603 BBLs | 868 MCF | Nov 2025 |
| Alpha State Com | Lea County, NM | 46,784 BBLs | 70,060 MCF | Nov 2025 |
| Arco State | Lea County, NM | 0 BBLs | 0 MCF | Apr 2025 |
| Eagle State Com | Lea County, NM | 15,905 BBLs | 27,742 MCF | Nov 2025 |
| Gateway 2 State | Lea County, NM | 233 BBLs | 0 MCF | Nov 2025 |
| Hibiscus 08 19 35 RN State Com | Lea County, NM | 949 BBLs | 1,143 MCF | Nov 2025 |
| Ironhouse 19 State Com | Lea County, NM | 2,024 BBLs | 4,802 MCF | Nov 2025 |
| Ironhouse 2 | Lea County, NM | 2,568 BBLs | 3,486 MCF | Nov 2025 |
| Ironhouse 3 | Lea County, NM | 0 BBLs | 0 MCF | Sep 2024 |
| Jackson 5 | Lea County, NM | 0 BBLs | 0 MCF | Oct 2018 |
| New Mexico DD State | Lea County, NM | 0 BBLs | 0 MCF | Oct 2025 |
| Nighthawk State Com | Lea County, NM | 765 BBLs | 1,330 MCF | Nov 2025 |
| Norte State Com | Lea County, NM | 3,477 BBLs | 3,901 MCF | Nov 2025 |
| Peoples 3 | Lea County, NM | 0 BBLs | 0 MCF | Oct 2005 |
| Reeves 26 | Lea County, NM | 3 BBLs | 10 MCF | Nov 2025 |
| Reeves Queen WF Unit | Lea County, NM | 0 BBLs | 0 MCF | Oct 2025 |
| Smith 5 | Lea County, NM | 0 BBLs | 0 MCF | May 1996 |
| South Vacuum | Lea County, NM | 6 BBLs | 2 MCF | Nov 2025 |
| Top Round 16 9 State Com | Lea County, NM | 56,383 BBLs | 47,381 MCF | Nov 2025 |
| 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.