Butter Cup 3

Oil & Gas Property in Lea County, NM

  2. New Mexico
  3. Lea County, NM
  4. Oil & Gas Properties in Lea County, NM
  5. Butter Cup 3 Oil & Gas Property

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Property Summary

Key data points for Butter Cup 3

County,
OperatorFRANKLIN MOUNTAIN ENERGY 3, LLC
Production DatesApr 2013 - Mar 2025
Total Oil Production624,299 BBLs
Total Gas Production549,180 MCF
Recent Oil Production2,582 BBLs in Mar 2025
Recent Gas Production2,934 MCF in Mar 2025
Wells on Property5

Our Valuation Estimates for Butter Cup 3

ShaleAssessment™

$107,386 *

MarketMultiple™

$250,186 **

* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue

Based on a decimal interest

Butter Cup 3 Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Butter Cup 3
from Apr 2013 to Mar 2025

Wells on Butter Cup 3

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
Unknown,
Unknown,
Unknown,
Unknown,
Unknown,

Leases included in Butter Cup 3

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
333629BUTTER CUP 35 STATE COMFranklin Mountain Energy 3, LLCLea County, NM
333680BUTTER CUP 36 STATE COMFranklin Mountain Energy 3, LLCLea County, NM

Nearby Properties

These are the closest 20 properties to the Butter Cup 3 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Aircobra 12 StateLea County, NM3,109 BBLs2,362 MCFMar 2025
Airstrip 31Lea County, NM8,272 BBLs6,650 MCFMar 2025
Airstrip 6 State Com 00Lea County, NM1,625 BBLs573 MCFMar 2025
Bobwhite 11 StateLea County, NM0 BBLs0 MCFApr 2018
Caprock 27 StateLea County, NM0 BBLs0 MCFFeb 2025
Condor StateLea County, NM598 BBLs1,689 MCFMar 2025
Gold State ComLea County, NM17,860 BBLs26,277 MCFMar 2025
King Cobra 2 StateLea County, NM2,178 BBLs2,230 MCFMar 2025
Kingfisher State ComLea County, NM1,381 BBLs512 MCFMar 2025
Lea Yh StateLea County, NM0 BBLs0 MCFNov 2022
Magpie StateLea County, NM0 BBLs0 MCFSep 2024
Merit 6 Eh State ComLea County, NM682 BBLs77 MCFMar 2025
Mongoose FeeLea County, NM591 BBLs679 MCFMar 2025
Playa 2 StateLea County, NM1,249 BBLs1,652 MCFMar 2025
Raptor West 3 StateLea County, NM2,009 BBLs2,016 MCFMar 2025
Satellite State ComLea County, NM196,057 BBLs180,285 MCFMar 2025
StateLea County, NM0 BBLs0 MCFFeb 1998
TeapotLea County, NM366 BBLs1,308 MCFMar 2025
Tin Cup 36 State ComLea County, NM363 BBLs789 MCFMar 2025
Wild Cobra 1 StateLea County, NM1,375 BBLs1,284 MCFMar 2025

Companies in the Area

These are the closest 0 companies operating near the Butter Cup 3 property.

Company Name