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 - Feb 2026
Total Oil Production921,893 BBLs
Total Gas Production1,755,900 MCF
Recent Oil Production27,926 BBLs in Feb 2026
Recent Gas Production43,235 MCF in Feb 2026
Wells on Property8

Our Valuation Estimates for Pegasus

ShaleAssessment™

Not Available

MarketMultiple™

$3,660,273 **

* 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 Feb 2026

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, NM808 BBLs725 MCFFeb 2026
Bill AlexanderLea County, NM11,268 BBLs52,688 MCFFeb 2026
Burke State ComLea County, NM20,881 BBLs97,843 MCFFeb 2026
Caza Ridge 14Lea County, NM0 BBLs0 MCFJan 2026
Donkey Kong 1 Federal ComLea County, NM12,842 BBLs74,788 MCFFeb 2026
Duck Hunt 1Lea County, NM14,581 BBLs74,247 MCFFeb 2026
Funky Monks 8 Federal ComLea County, NM0 BBLs0 MCFDec 2025
Hunter 21 StateLea County, NM0 BBLs0 MCFJan 2026
Irvin Wall State ComLea County, NM7,180 BBLs16,205 MCFFeb 2026
Jeff Hart State ComLea County, NM9,744 BBLs30,224 MCFFeb 2026
Keller 4 StateLea County, NM0 BBLs0 MCFMay 2016
Landreth Federal ComLea County, NM660 BBLs817 MCFFeb 2026
Lennox 3Lea County, NM0 BBLs0 MCFJan 2026
Lepakast State ComLea County, NM323 BBLs1,861 MCFFeb 2026
Marlan DowneyLea County, NM28,342 BBLs107,024 MCFFeb 2026
Red BullLea County, NM0 BBLs0 MCFMay 2025
Red Bull 2Lea County, NM11,175 BBLs13,471 MCFFeb 2026
Red Bull 30 31 Federal State ComLea County, NM12,280 BBLs17,367 MCFFeb 2026
Righteous 6 State ComLea County, NM0 BBLs26 MCFFeb 2026
Trigg 5 FederalLea County, NM0 BBLs35 MCFFeb 2026

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