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 - Feb 2025
Total Oil Production114,045 BBLs
Total Gas Production112,671 MCF
Recent Oil Production170 BBLs in Feb 2025
Recent Gas Production8 MCF in Feb 2025
Wells on Property4

Our Valuation Estimates for Hobbs N State

ShaleAssessment™

$256 *

MarketMultiple™

$21,379 **

* 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 Feb 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
Arco StateLea County, NM0 BBLs0 MCFOct 2024
B Lee StateLea County, NM1,061 BBLs3,142 MCFFeb 2025
Black Jack StateLea County, NM538 BBLs553 MCFFeb 2025
Central Vacuum UnitLea County, NM43,956 BBLs767,325 MCFFeb 2025
Dash For CashLea County, NM934 BBLs702 MCFFeb 2025
East Vacuum (Gsa) UnitLea County, NM64,388 BBLs880,316 MCFFeb 2025
Gulf StateLea County, NM0 BBLs0 MCFJan 2022
HooverLea County, NM162 BBLs348 MCFFeb 2025
Hour Glass ALea County, NM0 BBLs0 MCFJan 2020
Hustle StateLea County, NM2,006 BBLs2,193 MCFFeb 2025
Lea 40Lea County, NM0 BBLs0 MCFMar 2022
Leo StateLea County, NM355 BBLs439 MCFFeb 2025
New MexicoLea County, NM8,101 BBLs10,616 MCFMar 2025
Ohio StateLea County, NM113 BBLs1,240 MCFFeb 2025
Santa FeLea County, NM526 BBLs0 MCFFeb 2025
Vacuum Abo UnitLea County, NM5,745 BBLs6,046 MCFFeb 2025
Vacuum GlorietaLea County, NM25,307 BBLs12,784 MCFFeb 2025
Vacuum Grayburg San Andres UnitLea County, NM35,548 BBLs227,788 MCFFeb 2025
Warn State AcLea County, NM560 BBLs2,364 MCFFeb 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
Diamond S Energy Company
Dyad Petroleum Company
EOG Y Resources Inc
Exxon Mobil Corporation
Forest Oil Corporation
Ica Energy Operating, L.L.C.
Linn Operating LLC
Mack Energy Corporation
Marathon Oil Company
McElvain Energy Inc
Morningstar Operating LLC
Raybaw Operating, LLC
Robertson Resources, Inc.
Shinnery Oil Company, Inc.
Texaco Expl. And 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