Oil & Gas Property in Lea County, NM
Key data points for Butter Cup 3
| County | Lea County, NM |
|---|---|
| Operator | FRANKLIN MOUNTAIN ENERGY 3, LLC |
| Production Dates | Apr 2013 - Jan 2024 |
| Total Oil Production | 595,937 BBLs |
| Total Gas Production | 515,548 MCF |
| Recent Oil Production | 2,021 BBLs in Jan 2024 |
| Recent Gas Production | 2,087 MCF in Jan 2024 |
| Wells on Property | 5 |
Our Valuation Estimates for Butter Cup 3
ShaleAssessment™
$130,027 *
MarketMultiple™
$328,209 **
* 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 Butter Cup 3 property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Aircobra 12 State | Lea County, NM | 1,585 BBLs | 1,064 MCF | Jan 2024 |
| Airstrip 31 | Lea County, NM | 9,929 BBLs | 7,337 MCF | Jan 2024 |
| Airstrip 6 State Com 00 | Lea County, NM | 1,402 BBLs | 676 MCF | Jan 2024 |
| Bobwhite 11 State | Lea County, NM | 0 BBLs | 0 MCF | Apr 2018 |
| Caprock 27 State | Lea County, NM | 228 BBLs | 115 MCF | Feb 2024 |
| Condor State | Lea County, NM | 680 BBLs | 1,681 MCF | Jan 2024 |
| Ekay 2 | Lea County, NM | 0 BBLs | 0 MCF | Nov 2002 |
| King Cobra 2 State | Lea County, NM | 1,476 BBLs | 922 MCF | Jan 2024 |
| Kingfisher State Com | Lea County, NM | 335 BBLs | 72 MCF | Jan 2024 |
| Lea Yh State | Lea County, NM | 0 BBLs | 0 MCF | Nov 2022 |
| Magpie State | Lea County, NM | 0 BBLs | 0 MCF | Dec 2023 |
| Mongoose Fee | Lea County, NM | 590 BBLs | 1,003 MCF | Jan 2024 |
| Playa 2 State | Lea County, NM | 944 BBLs | 972 MCF | Jan 2024 |
| Quail Queen Unit | Lea County, NM | 218 BBLs | 0 MCF | Feb 2024 |
| Raptor West 3 State | Lea County, NM | 659 BBLs | 470 MCF | Jan 2024 |
| State | Lea County, NM | 0 BBLs | 0 MCF | Feb 1998 |
| Teapot | Lea County, NM | 706 BBLs | 1,730 MCF | Jan 2024 |
| Tin Cup 36 State Com | Lea County, NM | 350 BBLs | 681 MCF | Jan 2024 |
| Tres Primos 3 State | Lea County, NM | 1,892 BBLs | 942 MCF | Jan 2024 |
| Wild Cobra 1 State | Lea County, NM | 1,449 BBLs | 1,143 MCF | Jan 2024 |
These are the closest 20 companies operating near the Butter Cup 3 property.