Merchant Gap

Oil & Gas Property in Lea County, NM

  2. New Mexico
  3. Lea County, NM
  4. Oil & Gas Properties in Lea County, NM
  5. Merchant Gap Oil & Gas Property

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Property Summary

Key data points for Merchant Gap

County,
OperatorPERMIAN RESOURCES OPERATING, LLC
Production DatesApr 2014 - Mar 2025
Total Oil Production267,371 BBLs
Total Gas Production449,824 MCF
Recent Oil Production600 BBLs in Mar 2025
Recent Gas Production5,204 MCF in Mar 2025
Wells on Property2

Our Valuation Estimates for Merchant Gap

ShaleAssessment™

$45,943 *

MarketMultiple™

$109,192 **

* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue

Based on a decimal interest

Merchant Gap Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Merchant Gap
from Apr 2014 to Mar 2025

Wells on Merchant Gap

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
Unknown,
Unknown,

Leases included in Merchant Gap

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
318014MERCHANT GAP 25 STATE COMPermian Resources Operating, LLCLea County, NM
318015MERCHANT GAP 36 STATE COMPermian Resources Operating, LLCLea County, NM

Nearby Properties

These are the closest 20 properties to the Merchant Gap property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Antelope 8006 JVPLea County, NM0 BBLs0 MCFFeb 2021
Duck Hunt 1Lea County, NM20,237 BBLs80,972 MCFMar 2025
Godfather 36 State ComLea County, NM1,026 BBLs10,932 MCFMar 2025
Golden Tee 31 Federal ComLea County, NM66,818 BBLs300,522 MCFMar 2025
Maddox FederalLea County, NM0 BBLs0 MCFJun 2022
MaxusLea County, NM0 BBLs0 MCFDec 2022
Maxus 8026 FederalLea County, NM31,257 BBLs91,940 MCFMar 2025
Merchant LivestockLea County, NM2,482 BBLs9,264 MCFMar 2025
Mortal Kombat 36 State ComLea County, NM771 BBLs4,087 MCFMar 2025
North Ridge 8040 Federal ComLea County, NM16,068 BBLs48,550 MCFMar 2025
Ojo ChisoLea County, NM14 BBLs1,552 MCFMar 2025
Pac-Man 36 Federal ComLea County, NM29,171 BBLs233,243 MCFMar 2025
Perro Loco 22 BLea County, NM1,772 BBLs4,008 MCFMar 2025
Perro Loco 27 22 BLea County, NM10,302 BBLs22,174 MCFMar 2025
Perro Loco 27 BLea County, NM16,295 BBLs24,342 MCFMar 2025
Pryor State ComLea County, NM0 BBLs0 MCFAug 2023
Ring Neck 8817 26 FederalLea County, NM19,535 BBLs34,153 MCFMar 2025
South Ridge 8030 2 11 StateLea County, NM21,075 BBLs50,764 MCFMar 2025
Squints Federal ComLea County, NM9,948 BBLs28,455 MCFMar 2025
Winnebago 30 State ComLea County, NM40,577 BBLs58,007 MCFMar 2025

Companies in the Area

These are the closest 0 companies operating near the Merchant Gap property.

Company Name