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 - Nov 2025
Total Oil Production28,006 BBLs
Total Gas Production5,416,964 MCF
Recent Oil Production0 BBLs in Nov 2025
Recent Gas Production6,209 MCF in Nov 2025
Wells on Property3

Our Valuation Estimates for Phillips State

ShaleAssessment™

$835 *

MarketMultiple™

$16,669 **

* 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 Nov 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 NameOperatorCountyMonthly 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, NM528 BBLs544 MCFNov 2025
Cache River 29 32 State ComLea County, NM54,079 BBLs137,621 MCFNov 2025
Chaparral 8 StateLea County, NM89 BBLs3,928 MCFNov 2025
Dee Osborne 19Lea County, NM18,706 BBLs64,948 MCFNov 2025
Dolly Varden 25 24 BLea County, NM7,587 BBLs25,389 MCFNov 2025
Dovetail 18 7 State ComLea County, NM29,125 BBLs80,052 MCFNov 2025
Grama Ridge 23 StateLea County, NM0 BBLs349 MCFNov 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, NM58,347 BBLs232,048 MCFNov 2025
Osudo 7 State ComLea County, NM5 BBLs5,997 MCFNov 2025
Outland 1Lea County, NM40,560 BBLs145,543 MCFNov 2025
Outland 14 23 State Com 2BSLea County, NM2,197 BBLs2,332 MCFNov 2025
Outland State UnitLea County, NM62,623 BBLs173,743 MCFNov 2025
P Q Osudo State ComLea County, NM64 BBLs10,826 MCFNov 2025
San SimonLea County, NM11 BBLs12,810 MCFNov 2025
WilsonLea County, NM0 BBLs822 MCFNov 2025
Wilson Deep UnitLea County, NM15 BBLs5,056 MCFNov 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
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