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 2026 |
| Total Oil Production | 273,250 BBLs |
| Total Gas Production | 481,162 MCF |
| Recent Oil Production | 453 BBLs in May 2026 |
| Recent Gas Production | 2,111 MCF in May 2026 |
| Wells on Property | 2 |
Our Valuation Estimates for Merchant Gap
ShaleAssessment™
$38,330 *
MarketMultiple™
$45,644 **
* 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 | 11,813 BBLs | 79,604 MCF | May 2026 |
| Godfather 36 State Com | Lea County, NM | 554 BBLs | 5,963 MCF | May 2026 |
| Golden Tee 31 Federal Com | Lea County, NM | 39,538 BBLs | 251,180 MCF | May 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 | 30,961 BBLs | 102,882 MCF | May 2026 |
| Merchant Livestock | Lea County, NM | 3,715 BBLs | 18,185 MCF | May 2026 |
| Mortal Kombat 36 State Com | Lea County, NM | 891 BBLs | 4,281 MCF | May 2026 |
| North Ridge 8040 Federal Com | Lea County, NM | 21,354 BBLs | 53,693 MCF | May 2026 |
| Ojo Chiso | Lea County, NM | 56 BBLs | 450 MCF | May 2026 |
| Pac-Man 36 Federal Com | Lea County, NM | 13,395 BBLs | 67,819 MCF | May 2026 |
| Perro Loco 22 B | Lea County, NM | 2,455 BBLs | 9,032 MCF | May 2026 |
| Perro Loco 27 22 B | Lea County, NM | 10,375 BBLs | 23,606 MCF | May 2026 |
| Perro Loco 27 B | Lea County, NM | 12,166 BBLs | 26,599 MCF | May 2026 |
| Pryor State Com | Lea County, NM | 0 BBLs | 0 MCF | Aug 2023 |
| Ring Neck 8817 26 Federal | Lea County, NM | 19,400 BBLs | 49,373 MCF | May 2026 |
| South Ridge 8030 2 11 State | Lea County, NM | 30,566 BBLs | 64,187 MCF | May 2026 |
| Squints Federal Com | Lea County, NM | 5,160 BBLs | 24,783 MCF | May 2026 |
| Winnebago 30 State Com | Lea County, NM | 49,092 BBLs | 272,709 MCF | May 2026 |
These are the closest 20 companies operating near the Merchant Gap property.