Merchant State Unit

Oil & Gas Property in Lea County, NM

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

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Property Summary

Key data points for Merchant State Unit

CountyLea County, NM
Production DatesJun 2014 - Feb 2025
Total Oil Production9,534,758 BBLs
Total Gas Production16,063,396 MCF
Recent Oil Production54,901 BBLs in Feb 2025
Recent Gas Production208,216 MCF in Feb 2025
Wells on Property24

Our Valuation Estimates for Merchant State Unit

ShaleAssessment™

$51,478 *

MarketMultiple™

$10,283,052 **

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

Based on a decimal interest

Merchant State Unit Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Merchant State Unit
from Jun 2014 to Feb 2025

Wells on Merchant State Unit

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
30-025-29991MERCHANT STATE UNIT 001MATADOR PRODUCTION COMPANYActiveLea County, NM32.434353-103.537872
30-025-43909MERCHANT STATE UNIT 503HMATADOR PRODUCTION COMPANYActiveLea County, NM32.442268-103.544477
30-025-44896MERCHANT STATE UNIT 506HMATADOR PRODUCTION COMPANYNewLea County, NM32.442251-103.535725
30-025-45027MERCHANT STATE UNIT 506YMATADOR PRODUCTION COMPANYActiveLea County, NM32.442250-103.535635
30-025-45084MERCHANT STATE UNIT 601HMATADOR PRODUCTION COMPANYActiveLea County, NM32.442059-103.550699
30-025-45267MERCHANT STATE UNIT 504HMATADOR PRODUCTION COMPANYActiveLea County, NM32.442119-103.538983
30-025-45268MERCHANT STATE UNIT 505HMATADOR PRODUCTION COMPANYActiveLea County, NM32.442120-103.538885
30-025-45447MERCHANT STATE UNIT 512HMATADOR PRODUCTION COMPANYActiveLea County, NM32.442115-103.536406
30-025-45448MERCHANT STATE UNIT 602HMATADOR PRODUCTION COMPANYActiveLea County, NM32.442000-103.548564
30-025-46363MERCHANT STATE UNIT 551HMATADOR PRODUCTION COMPANYActiveLea County, NM32.442001-103.548690
30-025-46662MERCHANT STATE UNIT 554HMATADOR PRODUCTION COMPANYActiveLea County, NM32.442253-103.536849
30-025-46663MERCHANT STATE UNIT 605HMATADOR PRODUCTION COMPANYNewLea County, NM32.442253-103.536956
30-025-46664MERCHANT STATE UNIT 606HMATADOR PRODUCTION COMPANYActiveLea County, NM32.442253-103.556743
30-025-46695MERCHANT STATE UNIT 301HMATADOR PRODUCTION COMPANYActiveLea County, NM32.442001-103.548821
30-025-46696MERCHANT STATE UNIT 501HMATADOR PRODUCTION COMPANYActiveLea County, NM32.442001-103.549079
30-025-46697MERCHANT STATE UNIT 511HMATADOR PRODUCTION COMPANYNewLea County, NM32.441992-103.543655
30-025-46698MERCHANT STATE UNIT 553HMATADOR PRODUCTION COMPANYActiveLea County, NM32.441991-103.543548
30-025-46699MERCHANT STATE UNIT 604HMATADOR PRODUCTION COMPANYNewLea County, NM32.441991-103.543441
30-025-46700MERCHANT STATE UNIT 509HMATADOR PRODUCTION COMPANYActiveLea County, NM32.442001-103.548950
30-025-46701MERCHANT STATE UNIT 302CADVANCE ENERGY PARTNERS HAT MESA, LLCCancelledLea County, NM32.441997-103.546516
30-025-46702MERCHANT STATE UNIT 510HMATADOR PRODUCTION COMPANYActiveLea County, NM32.441996-103.546409
30-025-46703MERCHANT STATE UNIT 552HMATADOR PRODUCTION COMPANYActiveLea County, NM32.441996-103.546302
30-025-46704MERCHANT STATE UNIT 603HMATADOR PRODUCTION COMPANYActiveLea County, NM32.441996-103.546195
30-025-47423MERCHANT STATE UNIT 604YMATADOR PRODUCTION COMPANYActiveLea County, NM32.441991-103.543316

Leases included in Merchant State Unit

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
319603MERCHANT STATE UNITADVANCE ENERGY PARTNERS HAT MESA, LLCLea County, NM
334537MERCHANT STATE UNITMATADOR PRODUCTION COMPANYLea County, NM

Operators Associated With Merchant State Unit

Nearby Properties

These are the closest 20 properties to the Merchant State Unit property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Abe StateLea County, NM2,298 BBLs2,996 MCFFeb 2025
BattleLea County, NM5,029 BBLs8,889 MCFFeb 2025
Crunch Berry 6 Federal ComLea County, NM9,923 BBLs17,560 MCFFeb 2025
Date 14 State ComLea County, NM49,525 BBLs114,656 MCFFeb 2025
DL 4 33 Federal ComLea County, NM36,640 BBLs98,153 MCFFeb 2025
DL 9 16 Federal ComLea County, NM55,480 BBLs198,903 MCFFeb 2025
Grey Hawk StateLea County, NM2,162 BBLs3,291 MCFFeb 2025
Huckleberry State ComLea County, NM10,546 BBLs39,310 MCFFeb 2025
Juice Bud State ComLea County, NM4,069 BBLs1,361 MCFFeb 2025
Lobo 26 StateLea County, NM954 BBLs1,617 MCFFeb 2025
Loco Dinero 36 State ComLea County, NM30,333 BBLs73,835 MCFFeb 2025
Naguss 30 State ComLea County, NM2,648 BBLs981 MCFFeb 2025
Naguss BRN State ComLea County, NM625 BBLs270 MCFFeb 2025
Nervosa 24 State ComLea County, NM1,594 BBLs2,105 MCFFeb 2025
Pygmy 27 StateLea County, NM1,754 BBLs3,241 MCFFeb 2025
RaspberryLea County, NM3,949 BBLs13,874 MCFFeb 2025
Tenderloin Federal ComLea County, NM22,856 BBLs37,110 MCFFeb 2025
Warbler StateLea County, NM108 BBLs490 MCFFeb 2025
West Grama RidgeLea County, NM548 BBLs2,183 MCFFeb 2025
Witherspoon 26 23 StateLea County, NM1,731 BBLs4,984 MCFFeb 2025

Companies in the Area

These are the closest 20 companies operating near the Merchant State Unit property.

Company Name
Advance Energy Partners Hat Mesa, LLC
Avant Operating, LLC
BC Operating, Inc.
Burlington Resources Oil And Gas Co.
Chesapeake Operating, Inc.
Chevron USA Inc
Civitas Permian Operating, LLC
COG Operating LLC
Conoco Inc.
Coterra Energy Operating Co.
Devon Energy Operating Co., L.P.
Devon Energy Production Company LP
EOG Resources, Inc.
EOG Y Resources Inc
Marathon Oil Permian LLC
Marshall & Winston, Inc.
Matador Production Company
Mewbourne Oil Company
Permian Resources Operating, LLC
Raybaw Operating, LLC

Frac'ing activity on Merchant State Unit

API #Well NameStart DateEnd DateVertical DepthTotal Water Volume
API #Well NameStart DateEnd DateVertical DepthTotal Water Volume
30-025-43909Merchant State Unit #503H
30-025-45027Merchant State Unit 506Y
30-025-45084Merchant State Unit 601H
30-025-45267Merchant State Unit 504H
30-025-45268Merchant State Unit 505H
30-025-45447Merchant State Unit 512H
30-025-45448Merchant State Unit 602H
30-025-46363Merchant State Unit #551H
30-025-46662Merchant State Unit 554H
30-025-46663Merchant State Unit 605H
30-025-46664Merchant State Unit 606H
30-025-46696Merchant State Unit 501H
30-025-46702MERCHANT STATE UNIT #510H
30-025-46703MERCHANT STATE UNIT #552H
30-025-46704MERCHANT STATE UNIT #603H