Picasso Federal

Oil & Gas Property in Lea County, NM

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

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Property Summary

Key data points for Picasso Federal

CountyLea County, NM
OperatorCOG OPERATING LLC
Production DatesFeb 2015 - Aug 2025
Total Oil Production279,711 BBLs
Total Gas Production1,525,347 MCF
Recent Oil Production1,002 BBLs in Jul 2025
Recent Gas Production2,084 MCF in Jul 2025
Wells on Property4

Our Valuation Estimates for Picasso Federal

ShaleAssessment™

$39,790 *

MarketMultiple™

$124,144 **

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

Based on a decimal interest

Picasso Federal Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Picasso Federal
from Feb 2015 to Aug 2025

Wells on Picasso Federal

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
30-025-41514PICASSO FEDERAL COM 001HCOG OPERATING LLCCancelledLea County, NM32.225365-103.468529
30-025-41733PICASSO FEDERAL COM 003HCOG OPERATING LLCNewLea County, NM32.225369-103.477028
30-025-41734PICASSO FEDERAL COM 004HCOG OPERATING LLCNewLea County, NM32.225369-103.480232
30-025-41905PICASSO FEDERAL 002HCOG OPERATING LLCActiveLea County, NM32.225365-103.470696

Leases included in Picasso Federal

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
313737PICASSO FEDERALCOG OPERATING LLCLea County, NM
40252PICASSO FEDERAL COMCOG OPERATING LLCLea County, NM

Nearby Properties

These are the closest 20 properties to the Picasso Federal property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Brad Lummis ComLea County, NM6,787 BBLs24,666 MCFJul 2025
Brad Lummis Federal ComLea County, NM4,845 BBLs27,776 MCFJul 2025
Carl Mottek FederalLea County, NM6,667 BBLs14,337 MCFJul 2025
FlowmasterLea County, NM6,764 BBLs22,072 MCFAug 2025
Galleon 21 FederalLea County, NM38,832 BBLs182,975 MCFJul 2025
Gramma Ridge 14 24 34Lea County, NM4,532 BBLs11,966 MCFJul 2025
Jolly Roger 16 StateLea County, NM9,623 BBLs44,432 MCFJul 2025
Juliet Federal ComLea County, NM17,898 BBLs97,838 MCFJul 2025
Madera 17 FederalLea County, NM527 BBLs467 MCFJul 2025
Mandelbaum FeeLea County, NM17,906 BBLs88,568 MCFJul 2025
Pirate StateLea County, NM4,260 BBLs62,230 MCFJul 2025
Prodigal Sun 17 24 34Lea County, NM341 BBLs926 MCFJul 2025
Raider FederalLea County, NM25,603 BBLs189,916 MCFJul 2025
Romeo Federal ComLea County, NM6,281 BBLs21,126 MCFJul 2025
Salvador FeeLea County, NM2,812 BBLs10,716 MCFAug 2025
Sebastian Federal ComLea County, NM9,186 BBLs16,016 MCFAug 2025
The Contest Federal ComLea County, NM13,354 BBLs36,652 MCFJul 2025
Van Gogh FeeLea County, NM1,649 BBLs1,368 MCFAug 2025
Will Kane 15 WLea County, NM2,891 BBLs4,068 MCFAug 2025
Yukon 20 Federal ComLea County, NM159,661 BBLs743,834 MCFJul 2025

Companies in the Area

These are the closest 20 companies operating near the Picasso Federal property.

Company Name
Bold Energy, L.P.
Chesapeake Operating, Inc.
Chevron Midcontinent, L.P.
Chevron USA Inc
Cimarex Energy Co. Of Colorado
Civitas Permian Operating, LLC
COG Operating LLC
COG Production LLC
Conoco Inc.
Coterra Energy Operating Co.
Devon Energy Production Company LP
EOG Resources, Inc.
Kaiser-Francis Oil Company
Marathon Oil Permian LLC
Matador Production Company
Mewbourne Oil Company
Oxy USA Inc
Permian Resources Operating, LLC
Regeneration Energy, Corporation
Strata Production Co