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 - Jul 2025
Total Oil Production632,301 BBLs
Total Gas Production1,438,214 MCF
Recent Oil Production4,619 BBLs in Jul 2025
Recent Gas Production22,377 MCF in Jul 2025
Wells on Property8

Our Valuation Estimates for Pegasus

ShaleAssessment™

Not Available

MarketMultiple™

$1,042,962 **

* 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 Jul 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, NM919 BBLs335 MCFJul 2025
Beowulf 33 State ComLea County, NM3,883 BBLs6,586 MCFJul 2025
Bill AlexanderLea County, NM8,512 BBLs23,320 MCFJul 2025
Donkey Kong 1 Federal ComLea County, NM19,018 BBLs89,413 MCFJul 2025
Duck Hunt 1Lea County, NM17,160 BBLs65,504 MCFJul 2025
Funky Monks 8 Federal ComLea County, NM2,792 BBLs3,704 MCFJul 2025
Hunter 21 StateLea County, NM2,740 BBLs3,727 MCFJul 2025
Jeff Hart State ComLea County, NM12,653 BBLs30,841 MCFJul 2025
Keller 4 StateLea County, NM0 BBLs0 MCFMay 2016
Landreth Federal ComLea County, NM1,158 BBLs1,404 MCFJul 2025
Lepakast State ComLea County, NM436 BBLs968 MCFJul 2025
Marlan DowneyLea County, NM23,428 BBLs59,909 MCFJul 2025
Red BullLea County, NM0 BBLs0 MCFMay 2025
Red Bull 2Lea County, NM4,782 BBLs7,196 MCFAug 2025
Red Bull 30 31 Federal State ComLea County, NM10,483 BBLs16,808 MCFAug 2025
Righteous 6 State ComLea County, NM4,285 BBLs20,199 MCFJul 2025
Sweetness 30 State Fed ComLea County, NM1,668 BBLs5,257 MCFAug 2025
Trigg 5 FederalLea County, NM0 BBLs49 MCFJul 2025
Warrior BRW State ComLea County, NM594 BBLs2,169 MCFJul 2025
Wicked 17 State ComLea County, NM1,704 BBLs6,572 MCFJul 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 LP
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