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 - Sep 2025
Total Oil Production280,261 BBLs
Total Gas Production1,527,724 MCF
Recent Oil Production550 BBLs in Sep 2025
Recent Gas Production2,324 MCF in Sep 2025
Wells on Property4

Our Valuation Estimates for Picasso Federal

ShaleAssessment™

$39,190 *

MarketMultiple™

$117,990 **

* 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 Sep 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
Bell Lake South UnitLea County, NM4,971 BBLs17,019 MCFSep 2025
Brad Lummis ComLea County, NM6,719 BBLs24,635 MCFSep 2025
Brad Lummis Federal ComLea County, NM4,808 BBLs34,459 MCFSep 2025
Carl Mottek FederalLea County, NM7,009 BBLs16,301 MCFSep 2025
FlowmasterLea County, NM6,950 BBLs21,976 MCFOct 2025
Galleon 21 FederalLea County, NM25,758 BBLs158,213 MCFOct 2025
Gramma Ridge 14 24 34Lea County, NM1,619 BBLs5,626 MCFSep 2025
Jolly Roger 16 StateLea County, NM9,286 BBLs42,692 MCFOct 2025
Madera 17 FederalLea County, NM960 BBLs1,192 MCFSep 2025
Mandelbaum FeeLea County, NM16,629 BBLs79,279 MCFSep 2025
Pirate StateLea County, NM3,976 BBLs51,241 MCFSep 2025
Prodigal Sun 17 24 34Lea County, NM733 BBLs1,780 MCFSep 2025
Raider FederalLea County, NM23,001 BBLs166,738 MCFSep 2025
Romeo Federal ComLea County, NM6,533 BBLs26,013 MCFSep 2025
Salvador FeeLea County, NM4,318 BBLs14,140 MCFOct 2025
Sebastian Federal ComLea County, NM5,446 BBLs7,320 MCFOct 2025
The Contest Federal ComLea County, NM13,085 BBLs42,738 MCFSep 2025
Van Gogh FeeLea County, NM462 BBLs621 MCFOct 2025
Will Kane 15 WLea County, NM3,478 BBLs5,078 MCFOct 2025
Yukon 20 Federal ComLea County, NM144,460 BBLs828,488 MCFOct 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, L.P.
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