Oil & Gas Property in Lea County, NM
Key data points for Gateway 2 State
| County | Lea County, NM |
|---|---|
| Production Dates | Nov 2013 - Dec 2025 |
| Total Oil Production | 38,667 BBLs |
| Total Gas Production | 24,072 MCF |
| Recent Oil Production | 224 BBLs in Dec 2025 |
| Recent Gas Production | 0 MCF in Dec 2025 |
| Wells on Property | 2 |
Our Valuation Estimates for Gateway 2 State
ShaleAssessment™
$2,196 *
MarketMultiple™
$26,219 **
* 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 | 43,791 BBLs | 74,092 MCF | Dec 2025 |
| Belgian Blue 28 21 State Com | Lea County, NM | 20,394 BBLs | 21,266 MCF | Dec 2025 |
| Blue Box Federal Com | Lea County, NM | 6,030 BBLs | 4,816 MCF | Dec 2025 |
| Cable 19 35 | Lea County, NM | 861 BBLs | 989 MCF | Dec 2025 |
| Eagle State Com | Lea County, NM | 12,924 BBLs | 19,406 MCF | Dec 2025 |
| Elkan | Lea County, NM | 0 BBLs | 0 MCF | Mar 1996 |
| Hibiscus 08 19 35 RN State Com | Lea County, NM | 1,140 BBLs | 1,579 MCF | Dec 2025 |
| Ironhouse 3 | Lea County, NM | 0 BBLs | 0 MCF | Sep 2024 |
| New Mexico DD State | Lea County, NM | 0 BBLs | 0 MCF | Nov 2025 |
| Norte State Com | Lea County, NM | 3,686 BBLs | 4,025 MCF | Dec 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 | Nov 2025 |
| 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 | 7 BBLs | 11 MCF | Dec 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 | 54 BBLs | 0 MCF | Dec 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.