Phillips State

Oil & Gas Property in Lea County, NM

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

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Property Summary

Key data points for Phillips State

CountyLea County, NM
Production DatesJan 1993 - Aug 2025
Total Oil Production28,006 BBLs
Total Gas Production5,405,573 MCF
Recent Oil ProductionNo Recent Prod.
Recent Gas ProductionNo Recent Prod.
Wells on Property3

Our Valuation Estimates for Phillips State

ShaleAssessment™

$870 *

MarketMultiple™

$20,360 **

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

Based on a decimal interest

Phillips State Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Phillips State
from Jan 1993 to Aug 2025

Wells on Phillips State

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
30-025-02549PHILLIPS STATE 001HAL J RASMUSSEN OPER INCPluggedLea County, NM32.480831-103.438507
30-025-30956PHILLIPS STATE 001COG OPERATING LLCPlugged (Not Released)Lea County, NM32.474495-103.387535
30-025-36393PHILLIPS STATE 002COG OPERATING LLCActiveLea County, NM32.477222-103.394020

Leases included in Phillips State

Lease #Lease NameOperatorCounty
14042PHILLIPS STATEHAL J RASMUSSEN OPER INCLea County, NM
310263PHILLIPS STATECOG OPERATING LLCLea County, NM

Operators Associated With Phillips State

Nearby Properties

These are the closest 20 properties to the Phillips State property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Bruce Keplinger 13 State ComLea County, NM1,075 BBLs1,113 MCFJul 2025
Cache River 29 32 State ComLea County, NM75,477 BBLs174,015 MCFJul 2025
Dee Osborne 19Lea County, NM30,633 BBLs97,133 MCFJul 2025
Dolly Varden 25 24 BLea County, NM7,026 BBLs20,484 MCFJul 2025
Dovetail 18 7 State ComLea County, NM47,376 BBLs106,237 MCFJul 2025
Grama Ridge 23 StateLea County, NM0 BBLs236 MCFJul 2025
Hunger Buster StateLea County, NM0 BBLs0 MCFApr 2008
Kaiser StateLea County, NM0 BBLs0 MCFDec 2014
Mary 12 State ComLea County, NM0 BBLs0 MCFJun 2024
New Mexico BZ StateLea County, NM0 BBLs0 MCFJun 2008
North Wilson Deep UnitLea County, NM80,052 BBLs313,182 MCFJul 2025
Osudo 9 StateLea County, NM9 BBLs21,402 MCFJul 2025
Outland 1Lea County, NM57,963 BBLs153,493 MCFJul 2025
Outland 14 23 State Com 2BSLea County, NM1,417 BBLs1,136 MCFJul 2025
Outland State UnitLea County, NM90,330 BBLs206,959 MCFJul 2025
P Q Osudo State ComLea County, NM125 BBLs16,955 MCFAug 2025
San SimonLea County, NM4 BBLs10,135 MCFJul 2025
WilsonLea County, NM0 BBLs744 MCFAug 2025
Wilson Deep UnitLea County, NM18 BBLs5,636 MCFJul 2025
Yates ALea County, NM0 BBLs0 MCFFeb 2025

Companies in the Area

These are the closest 20 companies operating near the Phillips State property.

Company Name
Bta Oil Producers
Chesapeake Operating, Inc.
Chisholm Energy Operating, LLC
Cimarex Energy Co. Of Colorado
COG Operating LLC
Devon Energy Operating Co., L.P.
Devon Energy Production Company LP
Devon SFS Operating Inc
Earthstone Operating, LLC
EOG Resources, Inc.
Forest Oil Permian Corporation
Fulfer Oil & Cattle LLC
Hal J Rasmussen Oper Inc
Kaiser-Francis Oil Company
Matador Operating Company
Matador Production Company
Mesquite SWD Inc
Mewbourne Oil Company
Nearburg Producing Company
Pronghorn Management Corporation