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 - Dec 2025
Total Oil Production115,330 BBLs
Total Gas Production112,710 MCF
Recent Oil Production121 BBLs in Dec 2025
Recent Gas Production3 MCF in Dec 2025
Wells on Property4

Our Valuation Estimates for Hobbs N State

ShaleAssessment™

$204 *

MarketMultiple™

$13,668 **

* 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 Dec 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, NM1,525 BBLs4,712 MCFDec 2025
Barbaro StateLea County, NM457 BBLs630 MCFDec 2025
Black Jack StateLea County, NM931 BBLs909 MCFDec 2025
Central Vacuum UnitLea County, NM46,222 BBLs1,013,752 MCFDec 2025
Dash For CashLea County, NM902 BBLs646 MCFDec 2025
Deep JackLea County, NM523 BBLs600 MCFDec 2025
Gulf StateLea County, NM0 BBLs0 MCFJan 2022
Hour Glass ALea County, NM0 BBLs0 MCFJan 2020
Hustle StateLea County, NM1,825 BBLs2,463 MCFDec 2025
Lea 40Lea County, NM0 BBLs0 MCFMar 2022
Leo StateLea County, NM1,067 BBLs1,207 MCFDec 2025
New MexicoLea County, NM8,641 BBLs12,204 MCFJan 2026
Nowata Agr StateLea County, NM217 BBLs1,317 MCFDec 2025
Ohio StateLea County, NM726 BBLs1,675 MCFDec 2025
Santa FeLea County, NM525 BBLs0 MCFDec 2025
Top Round 16 9 State ComLea County, NM51,774 BBLs43,104 MCFDec 2025
Vacuum Abo UnitLea County, NM6,349 BBLs6,631 MCFDec 2025
Vacuum GlorietaLea County, NM25,173 BBLs16,452 MCFDec 2025
Warn State AcLea County, NM2,802 BBLs8,632 MCFDec 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
Cross Timbers Energy, LLC
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.
Texaco Exploration & Prod 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