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 - Dec 2025 |
| Total Oil Production | 927,937 BBLs |
| Total Gas Production | 621,203 MCF |
| Recent Oil Production | 20,394 BBLs in Dec 2025 |
| Recent Gas Production | 21,266 MCF in Dec 2025 |
| Wells on Property | 4 |
Our Valuation Estimates for Belgian Blue 28 21 State Com
ShaleAssessment™
Not Available
MarketMultiple™
$3,344,529 **
* 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 | 1,655 BBLs | 1,181 MCF | Dec 2025 |
| Alpha State Com | Lea County, NM | 43,791 BBLs | 74,092 MCF | Dec 2025 |
| Arco State | Lea County, NM | 0 BBLs | 0 MCF | Apr 2025 |
| Eagle State Com | Lea County, NM | 12,924 BBLs | 19,406 MCF | Dec 2025 |
| Gateway 2 State | Lea County, NM | 224 BBLs | 0 MCF | Dec 2025 |
| Hibiscus 08 19 35 RN State Com | Lea County, NM | 1,140 BBLs | 1,579 MCF | Dec 2025 |
| Ironhouse 19 State Com | Lea County, NM | 2,267 BBLs | 5,341 MCF | Dec 2025 |
| Ironhouse 2 | Lea County, NM | 2,879 BBLs | 3,725 MCF | Dec 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 | Nov 2025 |
| Nighthawk State Com | Lea County, NM | 1,230 BBLs | 978 MCF | Dec 2025 |
| Norte State Com | Lea County, NM | 3,686 BBLs | 4,025 MCF | Dec 2025 |
| 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 | Oct 2025 |
| Smith 5 | Lea County, NM | 0 BBLs | 0 MCF | May 1996 |
| South Vacuum | Lea County, NM | 7 BBLs | 11 MCF | Dec 2025 |
| Top Round 16 9 State Com | Lea County, NM | 51,774 BBLs | 43,104 MCF | Dec 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.