Oil & Gas Property in Lea County, NM
Key data points for Gazelle 3
| County | Lea County, NM |
|---|---|
| Operator | EARTHSTONE OPERATING, LLC |
| Production Dates | Oct 1998 - May 2025 |
| Total Oil Production | 756,958 BBLs |
| Total Gas Production | 8,345,855 MCF |
| Recent Oil Production | 2,504 BBLs in May 2025 |
| Recent Gas Production | 11,774 MCF in May 2025 |
| Wells on Property | 8 |
Our Valuation Estimates for Gazelle 3
ShaleAssessment™
$27,149 *
MarketMultiple™
$322,275 **
* 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 Gazelle 3 property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Alpha Wolf 36 Federal Com | Lea County, NM | 116,837 BBLs | 76,082 MCF | May 2025 |
| Atlantic 32 State | Lea County, NM | 14 BBLs | 0 MCF | May 2025 |
| Bel Air 5 8 2BS Federal Com | Lea County, NM | 3,998 BBLs | 3,782 MCF | May 2025 |
| Bel Air 5 8 Federal Com | Lea County, NM | 14,521 BBLs | 24,531 MCF | May 2025 |
| Bondurant 1 12 Federal Com | Lea County, NM | 8,206 BBLs | 5,159 MCF | May 2025 |
| Bondurant Federal | Lea County, NM | 232 BBLs | 282 MCF | May 2025 |
| Cochise | Lea County, NM | 5 BBLs | 0 MCF | May 2025 |
| Corvette 4 33 | Lea County, NM | 12,926 BBLs | 36,584 MCF | May 2025 |
| Crazy Wolf 1 2 B2 | Lea County, NM | 10 BBLs | 630 MCF | May 2025 |
| Eland 32 18 33 RN State Com | Lea County, NM | 695 BBLs | 651 MCF | May 2025 |
| Federal | Lea County, NM | 1,974 BBLs | 3,672 MCF | May 2025 |
| French | Lea County, NM | 308 BBLs | 204 MCF | May 2025 |
| Hudson 29 Federal | Lea County, NM | 0 BBLs | 11,185 MCF | May 2025 |
| Hudson 3 | Lea County, NM | 0 BBLs | 0 MCF | Aug 2018 |
| Lone Wolf 36 | Lea County, NM | 191 BBLs | 19 MCF | May 2025 |
| Nellis Federal | Lea County, NM | 37 BBLs | 5,186 MCF | May 2025 |
| Paloma State | Lea County, NM | 0 BBLs | 0 MCF | Sep 2024 |
| Querecho | Lea County, NM | 0 BBLs | 0 MCF | Dec 2023 |
| South Corbin Federal | Lea County, NM | 3 BBLs | 4 MCF | May 2025 |
| Uncle Sam | Lea County, NM | 65 BBLs | 3,735 MCF | May 2025 |
These are the closest 20 companies operating near the Gazelle 3 property.