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 2024 |
| Total Oil Production | 257,491 BBLs |
| Total Gas Production | 411,346 MCF |
| Recent Oil Production | 969 BBLs in Jan 2024 |
| Recent Gas Production | 2,932 MCF in Jan 2024 |
| Wells on Property | 2 |
Our Valuation Estimates for Merchant Gap
ShaleAssessment™
$54,374 *
MarketMultiple™
$136,765 **
* 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 |
| Donkey Kong 1 Federal Com | Lea County, NM | 35,377 BBLs | 143,846 MCF | Feb 2024 |
| Duck Hunt 1 | Lea County, NM | 17,450 BBLs | 42,905 MCF | Feb 2024 |
| Godfather 36 State Com | Lea County, NM | 1,233 BBLs | 5,922 MCF | Feb 2024 |
| Golden Tee 31 Federal Com | Lea County, NM | 137,934 BBLs | 315,058 MCF | Feb 2024 |
| 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 | 60,786 BBLs | 142,317 MCF | Feb 2024 |
| Merchant Livestock | Lea County, NM | 3,816 BBLs | 9,087 MCF | Feb 2024 |
| Mortal Kombat 36 State Com | Lea County, NM | 1,419 BBLs | 3,145 MCF | Feb 2024 |
| North Ridge 8040 Federal Com | Lea County, NM | 28,369 BBLs | 79,744 MCF | Feb 2024 |
| Ojo Chiso | Lea County, NM | 48 BBLs | 1,894 MCF | Feb 2024 |
| Pac-Man 36 Federal Com | Lea County, NM | 44,197 BBLs | 174,422 MCF | Feb 2024 |
| Perro Loco 22 B | Lea County, NM | 1,584 BBLs | 1,719 MCF | Jan 2024 |
| Perro Loco 27 22 B | Lea County, NM | 26,911 BBLs | 45,101 MCF | Jan 2024 |
| Perro Loco 27 B | Lea County, NM | 34,185 BBLs | 65,054 MCF | Jan 2024 |
| Pryor State Com | Lea County, NM | 0 BBLs | 0 MCF | Aug 2023 |
| South Ridge 8030 2 11 State | Lea County, NM | 35,800 BBLs | 70,377 MCF | Feb 2024 |
| Squints Federal Com | Lea County, NM | 9,047 BBLs | 14,116 MCF | Feb 2024 |
| Winnebago 30 State Com | Lea County, NM | 57,796 BBLs | 159,229 MCF | Feb 2024 |
These are the closest 20 companies operating near the Merchant Gap property.