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 - Feb 2024
Total Oil Production27,929 BBLs
Total Gas Production5,330,703 MCF
Recent Oil Production7 BBLs in Jan 2024
Recent Gas Production3,511 MCF in Jan 2024
Wells on Property3

Our Valuation Estimates for Phillips State

ShaleAssessment™

$1,077 *

MarketMultiple™

$9,790 **

* 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 Feb 2024

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 INCPlugged, Site ReleasedLea County, NM32.480831-103.438507
30-025-30956PHILLIPS STATE 001COG OPERATING LLCPlugged, Not ReleasedLea 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, NM1,504 BBLs2,626 MCFJan 2024
Dee Osborne 19Lea County, NM132 BBLs0 MCFJan 2024
Dolly Varden 25 24 BLea County, NM16,320 BBLs56,936 MCFJan 2024
Eric Cartman 31 State ComLea County, NM28,128 BBLs33,385 MCFFeb 2024
Grama Ridge 23 StateLea County, NM0 BBLs840 MCFJan 2024
Hunger Buster StateLea County, NM0 BBLs0 MCFApr 2008
Kaiser StateLea County, NM0 BBLs0 MCFDec 2014
Mary 12 State ComLea County, NM0 BBLs0 MCFJul 2022
New Mexico BZ StateLea County, NM0 BBLs0 MCFJun 2008
North Wilson Deep UnitLea County, NM28,323 BBLs93,419 MCFJan 2024
Osudo 9 StateLea County, NM22 BBLs24,283 MCFJan 2024
Outland 1Lea County, NM0 BBLs299 MCFJan 2024
Outland 14 23 State Com 2BSLea County, NM4,936 BBLs14,488 MCFJan 2024
Outland State UnitLea County, NM48,450 BBLs69,480 MCFJan 2024
Outland Wca State Unit 11 2Lea County, NM2,631 BBLs24,997 MCFJan 2024
P Q Osudo State ComLea County, NM199 BBLs17,190 MCFFeb 2024
San SimonLea County, NM0 BBLs13,014 MCFJan 2024
WilsonLea County, NM0 BBLs0 MCFAug 2023
Wilson Deep UnitLea County, NM0 BBLs3,162 MCFJan 2024
Yates ALea County, NM0 BBLs0 MCFApr 2023

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