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 - Dec 2025 |
| Total Oil Production | 271,643 BBLs |
| Total Gas Production | 474,594 MCF |
| Recent Oil Production | 281 BBLs in Dec 2025 |
| Recent Gas Production | 1,154 MCF in Dec 2025 |
| Wells on Property | 2 |
Our Valuation Estimates for Merchant Gap
ShaleAssessment™
$40,700 *
MarketMultiple™
$67,553 **
* 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 | 16,443 BBLs | 76,892 MCF | Dec 2025 |
| Godfather 36 State Com | Lea County, NM | 1,596 BBLs | 12,077 MCF | Dec 2025 |
| Golden Tee 31 Federal Com | Lea County, NM | 48,681 BBLs | 312,460 MCF | Dec 2025 |
| Maddox Federal | Lea County, NM | 0 BBLs | 0 MCF | Jun 2022 |
| Maxus | Lea County, NM | 0 BBLs | 0 MCF | Jan 2023 |
| Maxus 8026 Federal | Lea County, NM | 38,387 BBLs | 127,825 MCF | Dec 2025 |
| Merchant Livestock | Lea County, NM | 3,627 BBLs | 16,478 MCF | Dec 2025 |
| Mortal Kombat 36 State Com | Lea County, NM | 838 BBLs | 3,658 MCF | Dec 2025 |
| North Ridge 8040 Federal Com | Lea County, NM | 26,663 BBLs | 56,758 MCF | Dec 2025 |
| Ojo Chiso | Lea County, NM | 90 BBLs | 1,465 MCF | Dec 2025 |
| Pac-Man 36 Federal Com | Lea County, NM | 23,006 BBLs | 125,765 MCF | Dec 2025 |
| Perro Loco 22 B | Lea County, NM | 1,167 BBLs | 1,356 MCF | Dec 2025 |
| Perro Loco 27 22 B | Lea County, NM | 6,020 BBLs | 14,659 MCF | Dec 2025 |
| Perro Loco 27 B | Lea County, NM | 7,594 BBLs | 12,927 MCF | Dec 2025 |
| Pryor State Com | Lea County, NM | 0 BBLs | 0 MCF | Aug 2023 |
| Ring Neck 8817 26 Federal | Lea County, NM | 25,524 BBLs | 57,788 MCF | Dec 2025 |
| South Ridge 8030 2 11 State | Lea County, NM | 40,372 BBLs | 74,428 MCF | Dec 2025 |
| Squints Federal Com | Lea County, NM | 10,150 BBLs | 43,141 MCF | Dec 2025 |
| Winnebago 30 State Com | Lea County, NM | 79,149 BBLs | 325,324 MCF | Dec 2025 |
These are the closest 20 companies operating near the Merchant Gap property.