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 - Dec 2025
Total Oil Production157,907 BBLs
Total Gas Production379,060 MCF
Recent Oil Production148 BBLs in Dec 2025
Recent Gas Production528 MCF in Dec 2025
Wells on Property7

Our Valuation Estimates for Panama 1

ShaleAssessment™

$10,392 *

MarketMultiple™

$13,123 **

* 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 Dec 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, NM5,230 BBLs9,581 MCFDec 2025
Buffalo 2Lea County, NM34 BBLs5,872 MCFDec 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, NM143 BBLs252 MCFDec 2025
Lone Ranger 1Lea County, NM0 BBLs0 MCFOct 2022
Mescalero 7 6Lea County, NM9,906 BBLs40,908 MCFDec 2025
Mescalero Ridge 21 Federal 001HLea County, NM1,625 BBLs968 MCFDec 2025
Millie Mile 13 24 Federal ComLea County, NM33,175 BBLs46,190 MCFDec 2025
Pennzoil FederalLea County, NM114 BBLs210 MCFDec 2025
Pipeline A Federal ComLea County, NM35 BBLs49 MCFDec 2025
Pipeline DeepLea County, NM1,015 BBLs13,570 MCFDec 2025
Sagebrush 24 FederalLea County, NM0 BBLs0 MCFApr 2022
Sapphire FedLea County, NM151 BBLs280 MCFDec 2025
Scout 1Lea County, NM0 BBLs0 MCFAug 2017
SmithLea County, NM188 BBLs1,345 MCFDec 2025
Stetson 13 2Lea County, NM6,543 BBLs17,393 MCFDec 2025
Texaco FederalLea County, NM141 BBLs206 MCFDec 2025
Wynell FederalLea County, NM25 BBLs1,062 MCFDec 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
Pride Energy Company
Spur Energy Partners LLC
Texaco Exploration & Prod Inc
Tom Brown Inc
Union Oil Co Of California