Merit Federal

Oil & Gas Property in Lea County, NM

Property Summary

Key data points for Merit Federal

CountyLea County, NM
OperatorFRANKLIN MOUNTAIN ENERGY LLC
Production DatesMar 2022 - Jan 2024
Total Oil Production566,438 BBLs
Total Gas Production1,000,421 MCF
Recent Oil Production9,576 BBLs in Jan 2024
Recent Gas Production15,719 MCF in Jan 2024
Wells on Property2

Our Valuation Estimates for Merit Federal

ShaleAssessment

Not Available

MarketMultiple

$1,275,965 **

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

Based on a decimal interest

Merit Federal Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Merit Federal
from Mar 2022 to Jan 2024

Wells on Merit Federal

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
30-025-48619MERIT FEDERAL 602HFranklin Mountain Energy LLCNewLea County, NM32.166034-103.320504
30-025-48620MERIT FEDERAL 703HFranklin Mountain Energy LLCNewLea County, NM32.166034-103.320391

Leases included in Merit Federal

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
330442MERIT FEDERALFranklin Mountain Energy LLCLea County, NM

Nearby Properties

These are the closest 20 properties to the Merit Federal property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Beauty Queen Federal ComLea County, NM9,734 BBLs13,165 MCFJan 2024
Bidder 49 Federal ComLea County, NM8,039 BBLs13,582 MCFJan 2024
Blue Ribbon Federal ComLea County, NM9,330 BBLs9,727 MCFJan 2024
Carnival Federal ComLea County, NM51,202 BBLs58,562 MCFJan 2024
Carnival State ComLea County, NM16,844 BBLs14,462 MCFJan 2024
Clincher Federal ComLea County, NM16,029 BBLs22,739 MCFJan 2024
County Fair Federal ComLea County, NM15,615 BBLs28,437 MCFJan 2024
El Paso Federal ComLea County, NM25,829 BBLs46,333 MCFJan 2024
FMM Federal ComLea County, NM0 BBLs0 MCFDec 2023
Green Light Federal ComLea County, NM84,122 BBLs75,588 MCFJan 2024
KC7 Federal ComLea County, NM10,379 BBLs17,736 MCFJan 2024
Mission Federal ComLea County, NM13,995 BBLs28,052 MCFJan 2024
Par Three 25 36 06 Federal ComLea County, NM622 BBLs1,964 MCFJan 2024
Parade State ComLea County, NM13,492 BBLs15,497 MCFJan 2024
Pine Straw 25 36 05 Federal ComLea County, NM1,951 BBLs830 MCFJan 2024
Seinfeld MH Federal UnitLea County, NM47,901 BBLs90,513 MCFJan 2024
Seinfeld Mulva Federal UnitLea County, NM60,571 BBLs79,451 MCFJan 2024
Seinfeld Yada Federal UnitLea County, NM38,671 BBLs66,869 MCFJan 2024
Vested Federal ComLea County, NM11,614 BBLs28,765 MCFJan 2024
Western Federal ComLea County, NM16,814 BBLs25,725 MCFJan 2024