Oil & Gas Property in Lea County, NM
Key data points for Gateway 2 State
| County | Lea County, NM |
|---|---|
| Operator | CAZA OPERATING, LLC |
| Production Dates | Nov 2013 - Jan 2024 |
| Total Oil Production | 32,968 BBLs |
| Total Gas Production | 20,185 MCF |
| Recent Oil Production | 114 BBLs in Jan 2024 |
| Recent Gas Production | 28 MCF in Jan 2024 |
| Wells on Property | 2 |
Our Valuation Estimates for Gateway 2 State
ShaleAssessment™
$3,067 *
MarketMultiple™
$21,327 **
* 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 |
|---|---|---|---|---|
| Cable 19 35 | Lea County, NM | 3,592 BBLs | 2,129 MCF | Jan 2024 |
| Elkan | Lea County, NM | 0 BBLs | 0 MCF | Mar 1996 |
| Foxtail E2 05 32 W1 State Com | Lea County, NM | 10,020 BBLs | 9,895 MCF | Jan 2024 |
| Hibiscus 08 19 35 RN State Com | Lea County, NM | 929 BBLs | 884 MCF | Jan 2024 |
| Ironhouse 3 | Lea County, NM | 318 BBLs | 545 MCF | Jan 2024 |
| Jackson 5 | Lea County, NM | 0 BBLs | 0 MCF | Oct 2018 |
| New Mexico DD State | Lea County, NM | 97 BBLs | 0 MCF | Jan 2024 |
| Pearl State | Lea County, NM | 0 BBLs | 0 MCF | Sep 2012 |
| Peoples 3 | Lea County, NM | 0 BBLs | 0 MCF | Oct 2005 |
| Rambo E2 08 17 State Com | Lea County, NM | 6,622 BBLs | 3,814 MCF | Jan 2024 |
| Reeves 26 | Lea County, NM | 479 BBLs | 13 MCF | Jan 2024 |
| Reeves Queen WF Unit | Lea County, NM | 534 BBLs | 0 MCF | Feb 2024 |
| Rock Steady State | Lea County, NM | 2,090 BBLs | 85 MCF | Feb 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 | 39 BBLs | 25 MCF | Jan 2024 |
| 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 | Nov 2023 |
| Vacuum State | Lea County, NM | 0 BBLs | 0 MCF | Apr 2007 |
These are the closest 20 companies operating near the Gateway 2 State property.