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 - May 2025
Total Oil Production157,002 BBLs
Total Gas Production376,381 MCF
Recent Oil Production46 BBLs in May 2025
Recent Gas Production0 MCF in May 2025
Wells on Property7

Our Valuation Estimates for Panama 1

ShaleAssessment™

$11,377 *

MarketMultiple™

$12,811 **

* 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 May 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.
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, NM8,746 BBLs14,389 MCFMay 2025
Buffalo 2Lea County, NM3 BBLs6,389 MCFMay 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, NM90 BBLs209 MCFMay 2025
Lone Ranger 1Lea County, NM0 BBLs0 MCFJan 2022
MescaleroLea County, NM193 BBLs3,253 MCFMay 2025
Mescalero 7 6Lea County, NM18,866 BBLs61,722 MCFMay 2025
Mescalero Ridge 21 Federal 001HLea County, NM3,341 BBLs1,632 MCFMay 2025
Millie Mile 13 24 Federal ComLea County, NM83,347 BBLs52,899 MCFMay 2025
Pennzoil FederalLea County, NM191 BBLs0 MCFMay 2025
Pipeline DeepLea County, NM1,034 BBLs12,939 MCFMay 2025
Sagebrush 24 FederalLea County, NM0 BBLs0 MCFApr 2022
Sapphire FedLea County, NM10 BBLs0 MCFMay 2025
Scout 1Lea County, NM0 BBLs0 MCFAug 2017
SmithLea County, NM284 BBLs1,872 MCFMay 2025
Stetson 13 2Lea County, NM5,622 BBLs20,953 MCFMay 2025
Texaco FederalLea County, NM120 BBLs154 MCFMay 2025
Wynell FederalLea County, NM9 BBLs884 MCFMay 2025

Companies in the Area

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

Company Name
Avant Operating, LLC
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
Spur Energy Partners LLC
Texaco Expl. And Prod. Inc.
Tom Brown Inc
Union Oil Co Of California