Cole State

Oil & Gas Property in Lea County, NM

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

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Property Summary

Key data points for Cole State

CountyLea County, NM
Production DatesJan 1993 - Nov 2025
Total Oil Production245,672 BBLs
Total Gas Production12,655,027 MCF
Recent Oil Production144 BBLs in Nov 2025
Recent Gas Production7,089 MCF in Nov 2025
Wells on Property19

Our Valuation Estimates for Cole State

ShaleAssessment™

$58,057 *

MarketMultiple™

$114,258 **

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

Based on a decimal interest

Cole State Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Cole State
from Jan 1993 to Nov 2025

Wells on Cole State

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
30-025-10321COLE STATE 001RAYBAW Operating, LLCActiveLea County, NM32.397301-103.161537
30-025-10322COLE STATE 002ZIA ENERGY INCPluggedLea County, NM32.397289-103.174347
30-025-10323COLE STATE 003RAYBAW Operating, LLCActiveLea County, NM32.397293-103.170067
30-025-10324COLE STATE 004RAYBAW Operating, LLCActiveLea County, NM32.393662-103.174347
30-025-10325COLE STATE 005ZIA ENERGY INCPluggedLea County, NM32.393673-103.161537
30-025-10326COLE STATE 006ZIA ENERGY INCPluggedLea County, NM32.397297-103.165810
30-025-22163COLE STATE 010RAYBAW Operating, LLCActiveLea County, NM32.392757-103.173271
30-025-22486COLE STATE 012RAYBAW Operating, LLCActiveLea County, NM32.396381-103.175415
30-025-23828COLE STATE 014RAYBAW Operating, LLCActiveLea County, NM32.392757-103.171135
30-025-33681COLE STATE 007RAYBAW Operating, LLCActiveLea County, NM32.392792-103.162376
30-025-34856COLE STATE 008RAYBAW Operating, LLCActiveLea County, NM32.392952-103.166878
30-025-36024COLE STATE 015RAYBAW Operating, LLCActiveLea County, NM32.397293-103.170715
30-025-37399COLE STATE 017RAYBAW Operating, LLCActiveLea County, NM32.394573-103.168999
30-025-37400COLE STATE 019RAYBAW Operating, LLCActiveLea County, NM32.394577-103.165230
30-025-37721COLE STATE 016RAYBAW Operating, LLCActiveLea County, NM32.398117-103.173279
30-025-37722COLE STATE 020RAYBAW Operating, LLCActiveLea County, NM32.394581-103.160469
30-025-37827COLE STATE 018RAYBAW Operating, LLCActiveLea County, NM32.398209-103.162605
30-025-37828COLE STATE 023RAYBAW Operating, LLCActiveLea County, NM32.394569-103.173279
30-025-38433COLE STATE 022CRANGE OPERATING NEW MEXICO LLCCancelledLea County, NM32.398098-103.168966

Leases included in Cole State

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
13024COLE STATEZIA ENERGY INCLea County, NM
301544COLE STATERANGE OPERATING NEW MEXICO LLCLea County, NM
336987COLE STATERAYBAW Operating, LLCLea County, NM

Operators Associated With Cole State

Nearby Properties

These are the closest 20 properties to the Cole State property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
A B BakerLea County, NM139 BBLs9,502 MCFNov 2025
Adobe StateLea County, NM0 BBLs0 MCFMay 2020
B J 00Lea County, NM198 BBLs2,056 MCFNov 2025
Baker BLea County, NM168 BBLs11,752 MCFNov 2025
BrunsonLea County, NM1,471 BBLs39,894 MCFNov 2025
C P Falby B FederalLea County, NM57 BBLs965 MCFNov 2025
E M Elliott FederalLea County, NM44 BBLs1,830 MCFNov 2025
E W WaldenLea County, NM1,030 BBLs19,343 MCFNov 2025
ElliottLea County, NM1,102 BBLs18,809 MCFNov 2025
FederalLea County, NM0 BBLs0 MCFSep 2022
GreenwoodLea County, NM0 BBLs449 MCFNov 2025
GrizzellLea County, NM343 BBLs4,817 MCFNov 2025
J L GreenwoodLea County, NM67 BBLs5,039 MCFNov 2025
L E GrizzellLea County, NM156 BBLs5,464 MCFNov 2025
PatsyLea County, NM55 BBLs0 MCFNov 2025
PenroseLea County, NM0 BBLs192 MCFNov 2025
R E ColeLea County, NM624 BBLs8,838 MCFNov 2025
Rollon BrunsonLea County, NM131 BBLs10,149 MCFNov 2025
WaldenLea County, NM0 BBLs0 MCFSep 2025
Will CaryLea County, NM434 BBLs851 MCFNov 2025

Companies in the Area

These are the closest 20 companies operating near the Cole State property.

Company Name
Apache Corporation
Bec Corp
Bettis Boyle & Stovall,Inc.
Chesapeake Operating, Inc.
Chevron USA Inc
Conoco Inc
Contango Resources LLC
Empire New Mexico LLC
Enervest Operating LLC
Fae II Operating LLC
Finaly Resources LLC
Hilcorp Energy Company
J R Oil, LTD. Co.
Northern Pacific Oil And Gas Incorporated
Oxy USA Inc
Petroleum Exploration Company LTD., Limited
Range Operating New Mexico LLC
Raybaw Operating, LLC
Southwest Royalties, Inc.
Texaco Exploration & Prod Inc

Frac'ing activity on Cole State

API #Well NameStart DateEnd DateVertical DepthTotal Water Volume
30-025-22486Cole State #012
30-025-23828Cole State #014
30-025-37399Cole State #017
30-025-37400Cole State #019
30-025-37827Coe State #018
30-025-37828Cole State #023