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 - Sep 2025 |
| Total Oil Production | 270,540 BBLs |
| Total Gas Production | 468,329 MCF |
| Recent Oil Production | 429 BBLs in Sep 2025 |
| Recent Gas Production | 2,014 MCF in Sep 2025 |
| Wells on Property | 2 |
Our Valuation Estimates for Merchant Gap
ShaleAssessment™
$42,509 *
MarketMultiple™
$88,932 **
* 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 | 16,740 BBLs | 82,723 MCF | Sep 2025 |
| Godfather 36 State Com | Lea County, NM | 1,238 BBLs | 6,975 MCF | Sep 2025 |
| Golden Tee 31 Federal Com | Lea County, NM | 49,685 BBLs | 287,223 MCF | Sep 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 | 38,377 BBLs | 111,469 MCF | Oct 2025 |
| Merchant Livestock | Lea County, NM | 2,932 BBLs | 11,612 MCF | Sep 2025 |
| Mortal Kombat 36 State Com | Lea County, NM | 897 BBLs | 3,957 MCF | Sep 2025 |
| North Ridge 8040 Federal Com | Lea County, NM | 30,333 BBLs | 58,780 MCF | Oct 2025 |
| Ojo Chiso | Lea County, NM | 26 BBLs | 1,376 MCF | Oct 2025 |
| Pac-Man 36 Federal Com | Lea County, NM | 23,771 BBLs | 117,823 MCF | Sep 2025 |
| Perro Loco 22 B | Lea County, NM | 1,511 BBLs | 4,070 MCF | Sep 2025 |
| Perro Loco 27 22 B | Lea County, NM | 12,436 BBLs | 28,783 MCF | Sep 2025 |
| Perro Loco 27 B | Lea County, NM | 15,214 BBLs | 23,218 MCF | Sep 2025 |
| Pryor State Com | Lea County, NM | 0 BBLs | 0 MCF | Aug 2023 |
| Ring Neck 8817 26 Federal | Lea County, NM | 31,266 BBLs | 62,626 MCF | Oct 2025 |
| South Ridge 8030 2 11 State | Lea County, NM | 49,429 BBLs | 78,038 MCF | Oct 2025 |
| Squints Federal Com | Lea County, NM | 10,533 BBLs | 37,403 MCF | Oct 2025 |
| Winnebago 30 State Com | Lea County, NM | 109,794 BBLs | 268,866 MCF | Sep 2025 |
These are the closest 20 companies operating near the Merchant Gap property.