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

Map of Wells Full Screen Map 3-D Map

Property Summary

Key data points for Picasso Federal

CountyLea County, NM
OperatorCOG OPERATING LLC
Production DatesFeb 2015 - Jun 2025
Total Oil Production277,525 BBLs
Total Gas Production1,520,329 MCF
Recent Oil Production1,082 BBLs in Jun 2025
Recent Gas Production2,217 MCF in Jun 2025
Wells on Property4

Our Valuation Estimates for Picasso Federal

ShaleAssessment™

$40,952 *

MarketMultiple™

$133,395 **

* 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
Subscribe for Full Access Subscribe now to gain immediate access
to oil and gas production for Picasso Federal
from Feb 2015 to Jun 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 LakeLea County, NM658 BBLs1,099 MCFJun 2025
Brad Lummis ComLea County, NM5,844 BBLs27,055 MCFJun 2025
Brad Lummis Federal ComLea County, NM4,588 BBLs29,385 MCFJun 2025
Carl Mottek FederalLea County, NM4,160 BBLs10,498 MCFJun 2025
FlowmasterLea County, NM7,517 BBLs26,341 MCFJul 2025
Galleon 21 FederalLea County, NM32,599 BBLs150,904 MCFJun 2025
Gramma Ridge 14 24 34Lea County, NM3,536 BBLs9,252 MCFJun 2025
Jolly Roger 16 StateLea County, NM10,084 BBLs44,006 MCFJun 2025
Juliet Federal ComLea County, NM14,828 BBLs85,358 MCFJun 2025
Mandelbaum FeeLea County, NM19,135 BBLs91,912 MCFJun 2025
Pirate StateLea County, NM3,904 BBLs57,243 MCFJun 2025
Prodigal Sun 17 24 34Lea County, NM422 BBLs1,651 MCFJun 2025
Raider FederalLea County, NM25,604 BBLs170,816 MCFJun 2025
Romeo Federal ComLea County, NM4,999 BBLs18,638 MCFJun 2025
Salvador FeeLea County, NM2,533 BBLs6,645 MCFJul 2025
Sebastian Federal ComLea County, NM4,292 BBLs7,083 MCFJun 2025
The Contest Federal ComLea County, NM12,993 BBLs38,724 MCFJun 2025
Van Gogh FeeLea County, NM0 BBLs0 MCFMay 2025
Will Kane 15 WLea County, NM4,565 BBLs7,829 MCFJul 2025
Yukon 20 Federal ComLea County, NM131,190 BBLs455,699 MCFJun 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