Panama 1

Oil & Gas Property in Lea County, NM

  2. New Mexico
  3. Lea County, NM
  4. Oil & Gas Properties in Lea County, NM
  5. Panama 1 Oil & Gas Property

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Property Summary

Key data points for Panama 1

CountyLea County, NM
Production DatesApr 2001 - Nov 2025
Total Oil Production157,759 BBLs
Total Gas Production378,532 MCF
Recent Oil Production152 BBLs in Nov 2025
Recent Gas Production537 MCF in Nov 2025
Wells on Property7

Our Valuation Estimates for Panama 1

ShaleAssessment™

$10,537 *

MarketMultiple™

$10,609 **

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

Based on a decimal interest

Panama 1 Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Panama 1
from Apr 2001 to Nov 2025

Wells on Panama 1

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
30-025-35191PANAMA 13 FEDERAL 001NEARBURG PRODUCING COCancelledLea County, NM32.653815-103.611398
30-025-35192PANAMA 13 FEDERAL 002Earthstone Operating, LLCPluggedLea County, NM32.657444-103.611374
30-025-36846PANAMA 14 FEDERAL 001NEARBURG PRODUCING COCancelledLea County, NM32.655658-103.627419
30-025-36847PANAMA 14 FEDERAL 002NEARBURG PRODUCING COCancelledLea County, NM32.661091-103.627399
30-025-36850PANAMA 13 FEDERAL 001PEarthstone Operating, LLCTemporary Abandonment (Expired)Lea County, NM32.655632-103.611374
30-025-36851PANAMA 13 FEDERAL 003Earthstone Operating, LLCActiveLea County, NM32.655636-103.614594
30-025-36874PANAMA 13 FEDERAL 004Earthstone Operating, LLCActiveLea County, NM32.655655-103.622726

Leases included in Panama 1

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
26700PANAMA 13 FEDERALNEARBURG PRODUCING COLea County, NM
332612PANAMA 13 FEDERALEarthstone Operating, LLCLea County, NM
34259PANAMA 14 FEDERALNEARBURG PRODUCING COLea County, NM

Operators Associated With Panama 1

Nearby Properties

These are the closest 20 properties to the Panama 1 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Buffalo 12 1 FederalLea County, NM3,917 BBLs7,666 MCFNov 2025
Federal USA LLea County, NM0 BBLs0 MCFJul 2021
GantrypersonLea County, NM0 BBLs0 MCFJan 2022
La Rica FederalLea County, NM0 BBLs0 MCFMar 2023
Laguna Deep Federal UnitLea County, NM132 BBLs234 MCFNov 2025
Lone Ranger 1Lea County, NM0 BBLs0 MCFOct 2022
Malachite 22 FederalLea County, NM506 BBLs3,385 MCFNov 2025
Mescalero 7 6Lea County, NM14,598 BBLs49,484 MCFNov 2025
Mescalero Ridge 21 Federal 001HLea County, NM3,229 BBLs1,888 MCFNov 2025
Millie Mile 13 24 Federal ComLea County, NM34,540 BBLs40,008 MCFNov 2025
Pennzoil FederalLea County, NM114 BBLs145 MCFNov 2025
Pipeline A Federal ComLea County, NM37 BBLs58 MCFNov 2025
Pipeline DeepLea County, NM929 BBLs11,003 MCFNov 2025
Sagebrush 24 FederalLea County, NM0 BBLs0 MCFApr 2022
Sapphire FedLea County, NM55 BBLs121 MCFNov 2025
Scout 1Lea County, NM0 BBLs0 MCFAug 2017
SmithLea County, NM196 BBLs1,556 MCFNov 2025
Stetson 13 2Lea County, NM6,404 BBLs15,230 MCFNov 2025
Texaco FederalLea County, NM144 BBLs201 MCFNov 2025
Wynell FederalLea County, NM25 BBLs910 MCFNov 2025

Companies in the Area

These are the closest 20 companies operating near the Panama 1 property.

Company Name
Chesapeake Operating, Inc.
Cimarex Energy Co. Of Colorado
COG Operating LLC
Concho Resources Inc.
Coterra Energy Operating Co.
Devon Energy Operating Co., L.P.
E.G.L. Resources, Inc.
Earthstone Operating, LLC
Legacy Reserves Operating LP
Manzano Oil Corporation
Matador Operating Company
Matador Production Company
Nearburg Producing Company
Oxy USA Inc
Pbex Operations, LLC
Raybaw Operating, LLC
Spur Energy Partners LLC
Texaco Exploration & Prod Inc
Tom Brown Inc
Union Oil Co Of California