Oil & Gas Property in Lea County, NM
Key data points for King Cobra 2 State
| County | Lea County, NM |
|---|---|
| Operator | MATADOR PRODUCTION COMPANY |
| Production Dates | May 2012 - Jan 2024 |
| Total Oil Production | 632,123 BBLs |
| Total Gas Production | 384,947 MCF |
| Recent Oil Production | 1,476 BBLs in Jan 2024 |
| Recent Gas Production | 922 MCF in Jan 2024 |
| Wells on Property | 2 |
Our Valuation Estimates for King Cobra 2 State
ShaleAssessment™
$124,963 *
MarketMultiple™
$259,903 **
* 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 King Cobra 2 State property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Aircobra 12 State | Lea County, NM | 1,585 BBLs | 1,064 MCF | Jan 2024 |
| Airstrip 31 | Lea County, NM | 9,929 BBLs | 7,337 MCF | Jan 2024 |
| Airstrip 6 State Com 00 | Lea County, NM | 1,402 BBLs | 676 MCF | Jan 2024 |
| Bobwhite 11 State | Lea County, NM | 0 BBLs | 0 MCF | Apr 2018 |
| Butter Cup 3 | Lea County, NM | 2,021 BBLs | 2,087 MCF | Jan 2024 |
| Caprock 27 State | Lea County, NM | 228 BBLs | 115 MCF | Feb 2024 |
| Charles S Alves | Lea County, NM | 0 BBLs | 0 MCF | Jan 2002 |
| Lea Yh State | Lea County, NM | 0 BBLs | 0 MCF | Nov 2022 |
| Magpie State | Lea County, NM | 0 BBLs | 0 MCF | Dec 2023 |
| Mongoose Fee | Lea County, NM | 590 BBLs | 1,003 MCF | Jan 2024 |
| Playa 2 State | Lea County, NM | 944 BBLs | 972 MCF | Jan 2024 |
| Quail 11 State | Lea County, NM | 3,753 BBLs | 3,167 MCF | Feb 2024 |
| Quail Queen Unit | Lea County, NM | 218 BBLs | 0 MCF | Feb 2024 |
| Raptor West 3 State | Lea County, NM | 659 BBLs | 470 MCF | Jan 2024 |
| State | Lea County, NM | 0 BBLs | 0 MCF | Feb 1998 |
| Teal 12 State Com | Lea County, NM | 1,598 BBLs | 2,341 MCF | Feb 2024 |
| Teapot | Lea County, NM | 706 BBLs | 1,730 MCF | Jan 2024 |
| Tin Cup 36 State Com | Lea County, NM | 350 BBLs | 681 MCF | Jan 2024 |
| Tres Primos 3 State | Lea County, NM | 1,892 BBLs | 942 MCF | Jan 2024 |
| Wild Cobra 1 State | Lea County, NM | 1,449 BBLs | 1,143 MCF | Jan 2024 |
These are the closest 20 companies operating near the King Cobra 2 State property.