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 - Jun 2026
Total Oil Production158,414 BBLs
Total Gas Production381,534 MCF
Recent Oil Production63 BBLs in Jun 2026
Recent Gas Production386 MCF in Jun 2026
Wells on Property7

Our Valuation Estimates for Panama 1

ShaleAssessment™

$9,684 *

MarketMultiple™

$15,252 **

* 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 Jun 2026

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, NM4,878 BBLs12,209 MCFJun 2026
Federal USA LLea County, NM0 BBLs0 MCFJul 2021
GantrypersonLea County, NM0 BBLs0 MCFJan 2022
La Rica FederalLea County, NM0 BBLs0 MCFMar 2023
Lone Ranger 1Lea County, NM0 BBLs0 MCFJan 2022
Malachite 22 FederalLea County, NM360 BBLs82 MCFJun 2026
Mescalero 7 6Lea County, NM7,877 BBLs23,948 MCFJun 2026
Mescalero Ridge 21 Federal 001HLea County, NM2,034 BBLs1,064 MCFJun 2026
Millie Mile 13 24 Federal ComLea County, NM27,718 BBLs59,561 MCFJun 2026
Moonraker 15 27 Federal ComLea County, NM127,782 BBLs116,949 MCFJun 2026
Pennzoil FederalLea County, NM96 BBLs18 MCFJun 2026
Pipeline A Federal ComLea County, NM46 BBLs50 MCFJun 2026
Pipeline DeepLea County, NM1,054 BBLs15,968 MCFJun 2026
Sagebrush 24 FederalLea County, NM0 BBLs0 MCFApr 2022
Sapphire FedLea County, NM114 BBLs174 MCFJun 2026
Scout 1Lea County, NM0 BBLs0 MCFAug 2017
SmithLea County, NM158 BBLs1,489 MCFJun 2026
Stetson 13 2Lea County, NM4,888 BBLs13,201 MCFJun 2026
Texaco FederalLea County, NM124 BBLs253 MCFJun 2026
Wynell FederalLea County, NM43 BBLs1,011 MCFJun 2026

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