Oil & Gas Property in Lea County, NM
Key data points for Merchant Gap
| County | Lea County, NM |
|---|---|
| Operator | PERMIAN RESOURCES OPERATING, LLC |
| Production Dates | Apr 2014 - Feb 2026 |
| Total Oil Production | 272,172 BBLs |
| Total Gas Production | 476,511 MCF |
| Recent Oil Production | 205 BBLs in Feb 2026 |
| Recent Gas Production | 979 MCF in Feb 2026 |
| Wells on Property | 2 |
Our Valuation Estimates for Merchant Gap
ShaleAssessment™
$39,764 *
MarketMultiple™
$67,424 **
* 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 Merchant Gap property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Antelope 8006 JVP | Lea County, NM | 0 BBLs | 0 MCF | Feb 2021 |
| Duck Hunt 1 | Lea County, NM | 14,581 BBLs | 74,247 MCF | Feb 2026 |
| Godfather 36 State Com | Lea County, NM | 1,435 BBLs | 12,629 MCF | Feb 2026 |
| Golden Tee 31 Federal Com | Lea County, NM | 0 BBLs | 0 MCF | Jan 2026 |
| Maddox Federal | Lea County, NM | 0 BBLs | 0 MCF | Jun 2022 |
| Maxus | Lea County, NM | 0 BBLs | 0 MCF | Dec 2022 |
| Maxus 8026 Federal | Lea County, NM | 32,639 BBLs | 104,228 MCF | Feb 2026 |
| Merchant Livestock | Lea County, NM | 4,268 BBLs | 14,061 MCF | Feb 2026 |
| Mortal Kombat 36 State Com | Lea County, NM | 672 BBLs | 3,421 MCF | Feb 2026 |
| North Ridge 8040 Federal Com | Lea County, NM | 23,709 BBLs | 51,157 MCF | Feb 2026 |
| Ojo Chiso | Lea County, NM | 11 BBLs | 1,415 MCF | Feb 2026 |
| Pac-Man 36 Federal Com | Lea County, NM | 18,930 BBLs | 119,135 MCF | Feb 2026 |
| Perro Loco 22 B | Lea County, NM | 2,471 BBLs | 5,117 MCF | Feb 2026 |
| Perro Loco 27 22 B | Lea County, NM | 9,555 BBLs | 25,601 MCF | Feb 2026 |
| Perro Loco 27 B | Lea County, NM | 12,685 BBLs | 16,899 MCF | Feb 2026 |
| Pryor State Com | Lea County, NM | 0 BBLs | 0 MCF | Aug 2023 |
| Ring Neck 8817 26 Federal | Lea County, NM | 20,928 BBLs | 46,782 MCF | Feb 2026 |
| South Ridge 8030 2 11 State | Lea County, NM | 34,504 BBLs | 62,514 MCF | Feb 2026 |
| Squints Federal Com | Lea County, NM | 7,751 BBLs | 32,846 MCF | Feb 2026 |
| Winnebago 30 State Com | Lea County, NM | 61,320 BBLs | 251,108 MCF | Feb 2026 |
These are the closest 20 companies operating near the Merchant Gap property.