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 - May 2026
Total Oil Production28,009 BBLs
Total Gas Production5,437,515 MCF
Recent Oil Production3 BBLs in May 2026
Recent Gas Production6,495 MCF in May 2026
Wells on Property3

Our Valuation Estimates for Phillips State

ShaleAssessment™

$781 *

MarketMultiple™

$18,438 **

* 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 May 2026

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 NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
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, NM487 BBLs938 MCFMay 2026
Cache River 29 32 State ComLea County, NM24,295 BBLs39,843 MCFMay 2026
Dee Osborne 19Lea County, NM16,214 BBLs43,551 MCFMay 2026
Dolly Varden 25 24 BLea County, NM6,687 BBLs25,183 MCFMay 2026
Dovetail 18 7 State ComLea County, NM6,700 BBLs20,306 MCFMay 2026
Grama Ridge 23 StateLea County, NM0 BBLs320 MCFMay 2026
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, NM24,662 BBLs74,116 MCFMay 2026
Osudo 9 StateLea County, NM0 BBLs8,085 MCFMay 2026
Outland 1Lea County, NM32,177 BBLs126,181 MCFMay 2026
Outland 14 23 State Com 2BSLea County, NM2,396 BBLs2,022 MCFMay 2026
Outland State UnitLea County, NM79,345 BBLs151,045 MCFMay 2026
P Q Osudo State ComLea County, NM54 BBLs12,170 MCFMay 2026
San SimonLea County, NM0 BBLs7,260 MCFMay 2026
WilsonLea County, NM0 BBLs0 MCFApr 2026
Wilson Deep UnitLea County, NM0 BBLs0 MCFApr 2026
Yates ALea County, NM0 BBLs0 MCFFeb 2026

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
COG Operating LLC
Coterra Energy Operating Co.
Devon Energy Operating Co., L.P.
Devon Energy Production Company, L.P.
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