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 - Jun 2025
Total Oil Production28,006 BBLs
Total Gas Production5,397,507 MCF
Recent Oil Production0 BBLs in Jun 2025
Recent Gas Production2,535 MCF in Jun 2025
Wells on Property3

Our Valuation Estimates for Phillips State

ShaleAssessment™

$892 *

MarketMultiple™

$21,921 **

* 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 Jun 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, NM950 BBLs1,027 MCFJun 2025
Cache River 29 32 State ComLea County, NM79,168 BBLs162,306 MCFJun 2025
Dee Osborne 19Lea County, NM30,965 BBLs87,194 MCFJun 2025
Dolly Varden 25 24 BLea County, NM5,217 BBLs17,570 MCFJun 2025
Dovetail 18 7 State ComLea County, NM43,196 BBLs84,719 MCFJun 2025
Grama Ridge 23 StateLea County, NM0 BBLs361 MCFJun 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, NM89,140 BBLs298,195 MCFJun 2025
Osudo 9 StateLea County, NM7 BBLs22,416 MCFJun 2025
Outland 1Lea County, NM58,345 BBLs150,494 MCFJun 2025
Outland 14 23 State Com 2BSLea County, NM2,275 BBLs1,110 MCFJun 2025
Outland State UnitLea County, NM109,471 BBLs230,331 MCFJun 2025
P Q Osudo State ComLea County, NM61 BBLs11,258 MCFJun 2025
San SimonLea County, NM3 BBLs9,300 MCFJun 2025
WilsonLea County, NM0 BBLs761 MCFJul 2025
Wilson Deep UnitLea County, NM10 BBLs5,782 MCFJun 2025
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