Oil & Gas Property in Lea County, NM
Key data points for Chincoteague
| County | Lea County, NM |
|---|---|
| Operator | DEVON ENERGY PRODUCTION COMPANY LP |
| Production Dates | Dec 2016 - Jan 2024 |
| Total Oil Production | 3,670,764 BBLs |
| Total Gas Production | 12,247,549 MCF |
| Recent Oil Production | 21,129 BBLs in Jan 2024 |
| Recent Gas Production | 141,958 MCF in Jan 2024 |
| Wells on Property | 11 |
Our Valuation Estimates for Chincoteague
ShaleAssessment™
$352,034 *
MarketMultiple™
$3,592,567 **
* 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 Chincoteague property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Azores Federal | Lea County, NM | 2,300 BBLs | 25,720 MCF | Feb 2024 |
| Chincoteague 8 32 Federal State Com | Lea County, NM | 18,114 BBLs | 609,859 MCF | Jan 2024 |
| Co Grizzly 3 | Lea County, NM | 215,660 BBLs | 343,000 MCF | Feb 2024 |
| Co VIper 4 33 Federal | Lea County, NM | 115,250 BBLs | 169,828 MCF | Feb 2024 |
| Corvo Federal | Lea County, NM | 1,287 BBLs | 4,264 MCF | Feb 2024 |
| Cotton Draw | Lea County, NM | 339,161 BBLs | 2,675,312 MCF | Feb 2024 |
| Cotton Draw 32 State Federal Com | Lea County, NM | 0 BBLs | 0 MCF | Jul 2023 |
| E F Ray B NCT-1 | Lea County, NM | 0 BBLs | 0 MCF | Aug 1998 |
| Lippizzan 4 Federal | Lea County, NM | 4,109 BBLs | 7,917 MCF | Jan 2024 |
| Monsanto State | Lea County, NM | 0 BBLs | 0 MCF | Aug 2020 |
| Mustang 8 17 Federal Com | Lea County, NM | 13,046 BBLs | 74,684 MCF | Jan 2024 |
| Mustang 8 29 Federal Com | Lea County, NM | 8,315 BBLs | 43,248 MCF | Jan 2024 |
| Outrider | Lea County, NM | 445,744 BBLs | 1,714,532 MCF | Jan 2024 |
| Paduca | Lea County, NM | 0 BBLs | 0 MCF | Sep 2013 |
| Paduca Delaware 16 State | Lea County, NM | 79 BBLs | 101 MCF | Jan 2024 |
| Paint 33 Federal | Lea County, NM | 3,140 BBLs | 13,572 MCF | Jan 2024 |
| Paint 4 33 Federal Com | Lea County, NM | 12,187 BBLs | 252,124 MCF | Jan 2024 |
| Redhead 31 Federal | Lea County, NM | 924 BBLs | 60 MCF | Feb 2024 |
| Trionyx 6 7 Federal Com | Lea County, NM | 12,481 BBLs | 413,198 MCF | Jan 2024 |
| Trionyx 6 Federal | Lea County, NM | 5,387 BBLs | 30,058 MCF | Jan 2024 |
These are the closest 20 companies operating near the Chincoteague property.