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 - Feb 2025 |
| Total Oil Production | 3,886,833 BBLs |
| Total Gas Production | 13,686,797 MCF |
| Recent Oil Production | 2,107 BBLs in Feb 2025 |
| Recent Gas Production | 47,519 MCF in Feb 2025 |
| Wells on Property | 11 |
Our Valuation Estimates for Chincoteague
ShaleAssessment™
$287,820 *
MarketMultiple™
$2,788,137 **
* 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 | 109,031 BBLs | 400,706 MCF | Feb 2025 |
| Chincoteague 8 32 Federal State Com | Lea County, NM | 10,944 BBLs | 429,752 MCF | Feb 2025 |
| Co Grizzly 3 | Lea County, NM | 120,965 BBLs | 399,707 MCF | Feb 2025 |
| Co VIper 4 33 Federal | Lea County, NM | 31,064 BBLs | 160,411 MCF | Feb 2025 |
| Corvo Federal | Lea County, NM | 1,544 BBLs | 2,822 MCF | Feb 2025 |
| Cotton Draw | Lea County, NM | 394,384 BBLs | 3,157,617 MCF | Feb 2025 |
| 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 | 911 BBLs | 1,291 MCF | Feb 2025 |
| Mustang 8 17 Federal | Lea County, NM | 6,963 BBLs | 41,973 MCF | Feb 2025 |
| Mustang 8 29 Federal Com | Lea County, NM | 2,379 BBLs | 6,473 MCF | Feb 2025 |
| Outrider | Lea County, NM | 185,109 BBLs | 385,403 MCF | Feb 2025 |
| Outrider 27 Federal Com | Lea County, NM | 103,478 BBLs | 203,082 MCF | Feb 2025 |
| Outrider 28 Federal Com | Lea County, NM | 244,032 BBLs | 453,487 MCF | Feb 2025 |
| Paduca | Lea County, NM | 0 BBLs | 0 MCF | Sep 2013 |
| Paduca Delaware 16 State | Lea County, NM | 28 BBLs | 0 MCF | Feb 2025 |
| Paint 4 33 Federal Com | Lea County, NM | 65,901 BBLs | 569,391 MCF | Feb 2025 |
| Redhead 31 Federal | Lea County, NM | 653 BBLs | 3,052 MCF | Feb 2025 |
| Trionyx 6 7 Federal Com | Lea County, NM | 4,573 BBLs | 222,550 MCF | Feb 2025 |
| Trionyx 6 Federal | Lea County, NM | 4,227 BBLs | 26,306 MCF | Feb 2025 |
These are the closest 20 companies operating near the Chincoteague property.