Pegasus

Oil & Gas Property in Lea County, NM

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

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Property Summary

Key data points for Pegasus

CountyLea County, NM
OperatorMARLIN OPERATING, LLC
Production DatesApr 2018 - Nov 2025
Total Oil Production832,547 BBLs
Total Gas Production1,628,518 MCF
Recent Oil Production38,040 BBLs in Nov 2025
Recent Gas Production49,549 MCF in Nov 2025
Wells on Property8

Our Valuation Estimates for Pegasus

ShaleAssessment™

Not Available

MarketMultiple™

$2,373,334 **

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

Based on a decimal interest

Pegasus Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Pegasus
from Apr 2018 to Nov 2025

Wells on Pegasus

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
30-025-44199PEGASUS 23 35 16 STATE 251HMarlin Operating, LLCActiveLea County, NM32.298433-103.378940
30-025-50295PEGASUS 16 STATE 252HMarlin Operating, LLCActiveLea County, NM32.298271-103.374188
30-025-50296PEGASUS 16 STATE 351HMarlin Operating, LLCActiveLea County, NM32.298848-103.378949
30-025-50297PEGASUS 16 STATE 352HMarlin Operating, LLCActiveLea County, NM32.298271-103.374269
30-025-51534PEGASUS 16 STATE 353HMarlin Operating, LLCNewLea County, NM32.298756-103.367197
30-025-51600PEGASUS 16 STATE 354HMarlin Operating, LLCNewLea County, NM32.298757-103.367100
30-025-52910PEGASUS 16 STATE COM 353HMarlin Operating, LLCNewLea County, NM32.313258-103.367016
30-025-52911PEGASUS 16 STATE COM 354HMarlin Operating, LLCNewLea County, NM32.313258-103.366935

Leases included in Pegasus

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
332053PEGASUS 23 35 16 STATEMarlin Operating, LLCLea County, NM
332942PEGASUS 16 STATEMarlin Operating, LLCLea County, NM
335863PEGASUS 16 STATE COMMarlin Operating, LLCLea County, NM

Nearby Properties

These are the closest 20 properties to the Pegasus property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Banter State ComLea County, NM885 BBLs761 MCFNov 2025
Bill AlexanderLea County, NM13,000 BBLs58,974 MCFNov 2025
Burke State ComLea County, NM24,419 BBLs108,411 MCFNov 2025
Caza Ridge 14Lea County, NM1,246 BBLs1,578 MCFNov 2025
Donkey Kong 1 Federal ComLea County, NM14,220 BBLs76,285 MCFNov 2025
Duck Hunt 1Lea County, NM15,017 BBLs68,609 MCFNov 2025
Funky Monks 8 Federal ComLea County, NM0 BBLs40 MCFNov 2025
Hunter 21 StateLea County, NM0 BBLs75 MCFNov 2025
Irvin Wall State ComLea County, NM7,827 BBLs17,475 MCFNov 2025
Jeff Hart State ComLea County, NM10,798 BBLs30,473 MCFNov 2025
Keller 4 StateLea County, NM0 BBLs0 MCFMay 2016
Landreth Federal ComLea County, NM499 BBLs432 MCFNov 2025
Lepakast State ComLea County, NM316 BBLs349 MCFNov 2025
Marlan DowneyLea County, NM31,628 BBLs104,639 MCFNov 2025
Red BullLea County, NM0 BBLs0 MCFMay 2025
Red Bull 2Lea County, NM4,123 BBLs2,961 MCFNov 2025
Red Bull 30 31 Federal State ComLea County, NM6,880 BBLs10,354 MCFNov 2025
Righteous 6 State ComLea County, NM0 BBLs41 MCFNov 2025
Sweetness 30 State Fed ComLea County, NM1,666 BBLs5,893 MCFNov 2025
Trigg 5 FederalLea County, NM0 BBLs64 MCFNov 2025

Companies in the Area

These are the closest 20 companies operating near the Pegasus property.

Company Name
3R Operating , LLC
Avant Operating, LLC
Bta Oil Producers
Bta Oil Producers, LLC
Caza Operating, LLC
Chesapeake Operating, Inc.
Chevron USA Inc
Coterra Energy Operating Co.
Devon Energy Production Company, L.P.
EOG Resources Inc
Estoril Producing Corporation
Fae II Operating LLC
GMT Exploration Company LLC
Marathon Oil Permian LLC
Matador Production Company
Mewbourne Oil Company
Novo Oil & Gas Northern Delaware, LLC
Oxy USA Inc
Permian Resources Operating, LLC
Regeneration Energy, Corporation

Frac'ing activity on Pegasus

API #Well NameStart DateEnd DateVertical DepthTotal Water Volume
30-025-44199Pegasus State 23-35 16 251H