Oil & Gas Property in Lea County, NM
Key data points for Gateway 2 State
| County | Lea County, NM |
|---|---|
| Production Dates | Nov 2013 - Jun 2025 |
| Total Oil Production | 37,332 BBLs |
| Total Gas Production | 22,691 MCF |
| Recent Oil Production | 236 BBLs in Jun 2025 |
| Recent Gas Production | 333 MCF in Jun 2025 |
| Wells on Property | 2 |
Our Valuation Estimates for Gateway 2 State
ShaleAssessment™
$2,412 *
MarketMultiple™
$27,553 **
* 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 Gateway 2 State property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Alpha State Com | Lea County, NM | 73,405 BBLs | 80,329 MCF | Jun 2025 |
| Belgian Blue 28 21 State Com | Lea County, NM | 15,141 BBLs | 8,797 MCF | Jun 2025 |
| Blue Box Federal Com | Lea County, NM | 7,485 BBLs | 5,512 MCF | Jun 2025 |
| Cable 19 35 | Lea County, NM | 3,055 BBLs | 3,253 MCF | Jun 2025 |
| Eagle State Com | Lea County, NM | 19,356 BBLs | 25,843 MCF | Jun 2025 |
| Elkan | Lea County, NM | 0 BBLs | 0 MCF | Mar 1996 |
| Hibiscus 08 19 35 RN State Com | Lea County, NM | 601 BBLs | 605 MCF | Jun 2025 |
| Ironhouse 3 | Lea County, NM | 0 BBLs | 0 MCF | Sep 2024 |
| New Mexico DD State | Lea County, NM | 86 BBLs | 0 MCF | Jun 2025 |
| Norte State Com | Lea County, NM | 3,121 BBLs | 3,778 MCF | Jun 2025 |
| Pearl State | Lea County, NM | 0 BBLs | 0 MCF | Sep 2012 |
| Peoples 3 | Lea County, NM | 0 BBLs | 0 MCF | Oct 2005 |
| Reeves 26 | Lea County, NM | 0 BBLs | 0 MCF | Sep 2024 |
| Scharb | Lea County, NM | 0 BBLs | 0 MCF | Jun 2021 |
| Smith 5 | Lea County, NM | 0 BBLs | 0 MCF | May 1996 |
| South Vacuum | Lea County, NM | 2 BBLs | 0 MCF | Jun 2025 |
| Sprinkle Federal | Lea County, NM | 0 BBLs | 0 MCF | Mar 2007 |
| State | Lea County, NM | 0 BBLs | 0 MCF | Sep 2001 |
| TMBR 1 State | Lea County, NM | 0 BBLs | 0 MCF | May 2025 |
| Vacuum State | Lea County, NM | 0 BBLs | 0 MCF | Apr 2007 |
These are the closest 20 companies operating near the Gateway 2 State property.