Hobbs N State

Oil & Gas Property in Lea County, NM

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

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Property Summary

Key data points for Hobbs N State

CountyLea County, NM
Production DatesJan 1993 - Sep 2025
Total Oil Production115,018 BBLs
Total Gas Production112,685 MCF
Recent Oil Production127 BBLs in Sep 2025
Recent Gas Production2 MCF in Sep 2025
Wells on Property4

Our Valuation Estimates for Hobbs N State

ShaleAssessment™

$237 *

MarketMultiple™

$18,005 **

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

Based on a decimal interest

Hobbs N State Production Graph

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

Wells on Hobbs N State

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
30-025-03108HOBBS N STATE 001MorningStar Operating LLCTemporary AbandonmentLea County, NM32.768765-103.487259
30-025-03109HOBBS N STATE 002MorningStar Operating LLCTemporary AbandonmentLea County, NM32.768757-103.483055
30-025-26604HOBBS N STATE 005MorningStar Operating LLCActiveLea County, NM32.764202-103.472244
30-025-26825HOBBS N STATE 006TEXACO EXPLORATION & PRODUCTION INCPluggedLea County, NM32.764210-103.477608

Leases included in Hobbs N State

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
10966HOBBS N STATETEXACO EXPLORATION & PRODUCTION INCLea County, NM
331871HOBBS N STATEMorningStar Operating LLCLea County, NM

Operators Associated With Hobbs N State

Nearby Properties

These are the closest 20 properties to the Hobbs N State property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
B Lee StateLea County, NM610 BBLs2,710 MCFSep 2025
Black Jack StateLea County, NM368 BBLs461 MCFSep 2025
Central Vacuum UnitLea County, NM47,033 BBLs864,181 MCFSep 2025
Dash For CashLea County, NM363 BBLs290 MCFSep 2025
East Vacuum (Gsa) UnitLea County, NM73,536 BBLs770,205 MCFSep 2025
Gulf StateLea County, NM0 BBLs0 MCFJan 2022
HooverLea County, NM706 BBLs1,351 MCFSep 2025
Hour Glass ALea County, NM0 BBLs0 MCFJan 2020
Hustle StateLea County, NM1,057 BBLs1,197 MCFSep 2025
Lea 40Lea County, NM0 BBLs0 MCFMar 2022
Leo StateLea County, NM444 BBLs433 MCFSep 2025
New MexicoLea County, NM8,598 BBLs10,161 MCFOct 2025
Ohio StateLea County, NM159 BBLs935 MCFSep 2025
Santa FeLea County, NM496 BBLs0 MCFSep 2025
Top Round 16 9 State ComLea County, NM68,674 BBLs52,990 MCFSep 2025
Vacuum Abo UnitLea County, NM7,361 BBLs3,108 MCFSep 2025
Vacuum GlorietaLea County, NM23,258 BBLs7,727 MCFSep 2025
Vacuum Grayburg San Andres UnitLea County, NM34,832 BBLs239,010 MCFSep 2025
Warn State AcLea County, NM890 BBLs6,115 MCFSep 2025
Yeso StateLea County, NM0 BBLs0 MCFOct 2022

Companies in the Area

These are the closest 20 companies operating near the Hobbs N State property.

Company Name
Apache Corporation
BXP Operating, LLC
Chevron USA Inc
Cimarex Energy Co. Of Colorado
Diamond S Energy Company
Dyad Petroleum Company
EOG Y Resources Inc
Exxon Mobil Corporation
Forest Oil Corporation
Hilcorp Energy Company
Ica Energy Operating, L.L.C.
Linn Operating, LLC
Mack Energy Corporation
Marathon Oil Company
McElvain Energy Inc
Mewbourne Oil Company
Morningstar Operating LLC
Raybaw Operating, LLC
Robertson Resources, Inc.
Shinnery Oil Company, Inc.

Frac'ing activity on Hobbs N State

API #Well NameStart DateEnd DateVertical DepthTotal Water Volume
30-025-03108Hobbs 'N' State 001
30-025-03109Hobbs `N` State 002