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 - May 2025 |
| Total Oil Production | 268,437 BBLs |
| Total Gas Production | 457,422 MCF |
| Recent Oil Production | 827 BBLs in May 2025 |
| Recent Gas Production | 5,644 MCF in May 2025 |
| Wells on Property | 2 |
Our Valuation Estimates for Merchant Gap
ShaleAssessment™
$44,819 *
MarketMultiple™
$104,824 **
* 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 | 18,233 BBLs | 75,657 MCF | May 2025 |
| Godfather 36 State Com | Lea County, NM | 720 BBLs | 6,581 MCF | May 2025 |
| Golden Tee 31 Federal Com | Lea County, NM | 57,738 BBLs | 282,463 MCF | May 2025 |
| 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 | 46,171 BBLs | 105,138 MCF | May 2025 |
| Merchant Livestock | Lea County, NM | 941 BBLs | 2,042 MCF | May 2025 |
| Mortal Kombat 36 State Com | Lea County, NM | 802 BBLs | 3,669 MCF | May 2025 |
| North Ridge 8040 Federal Com | Lea County, NM | 18,112 BBLs | 49,555 MCF | May 2025 |
| Ojo Chiso | Lea County, NM | 76 BBLs | 1,374 MCF | May 2025 |
| Pac-Man 36 Federal Com | Lea County, NM | 27,985 BBLs | 179,712 MCF | May 2025 |
| Perro Loco 22 B | Lea County, NM | 2,087 BBLs | 4,608 MCF | May 2025 |
| Perro Loco 27 22 B | Lea County, NM | 13,183 BBLs | 29,357 MCF | May 2025 |
| Perro Loco 27 B | Lea County, NM | 5,995 BBLs | 6,324 MCF | May 2025 |
| Pryor State Com | Lea County, NM | 0 BBLs | 0 MCF | Aug 2023 |
| Ring Neck 8817 26 Federal | Lea County, NM | 43,962 BBLs | 61,038 MCF | May 2025 |
| South Ridge 8030 2 11 State | Lea County, NM | 21,048 BBLs | 43,587 MCF | May 2025 |
| Squints Federal Com | Lea County, NM | 9,538 BBLs | 30,071 MCF | May 2025 |
| Winnebago 30 State Com | Lea County, NM | 26,438 BBLs | 90,155 MCF | May 2025 |
These are the closest 20 companies operating near the Merchant Gap property.