Oil & Gas Property in Lea County, NM
Key data points for Picasso Federal
| County | Lea County, NM |
|---|---|
| Operator | COG OPERATING LLC |
| Production Dates | Feb 2015 - Jul 2026 |
| Total Oil Production | 288,773 BBLs |
| Total Gas Production | 1,568,578 MCF |
| Recent Oil Production | 742 BBLs in Jun 2026 |
| Recent Gas Production | 10,029 MCF in Jun 2026 |
| Wells on Property | 4 |
Our Valuation Estimates for Picasso Federal
ShaleAssessment™
$34,062 *
MarketMultiple™
$125,954 **
* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue
Based on a decimal interest
These are the closest 20 properties to the Picasso Federal property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Bell Lake South | Lea County, NM | 199,850 BBLs | 302,031 MCF | Jun 2026 |
| Brad Lummis Com | Lea County, NM | 17,776 BBLs | 33,818 MCF | Jun 2026 |
| Brad Lummis Federal Com | Lea County, NM | 3,826 BBLs | 12,124 MCF | Jun 2026 |
| Carl Mottek Federal | Lea County, NM | 6,697 BBLs | 20,684 MCF | Jun 2026 |
| Flowmaster | Lea County, NM | 8,908 BBLs | 21,068 MCF | Jun 2026 |
| Galleon 21 Federal | Lea County, NM | 24,428 BBLs | 179,407 MCF | Jun 2026 |
| Gramma Ridge 14 24 34 | Lea County, NM | 3,113 BBLs | 21,789 MCF | Jun 2026 |
| Jolly Roger 16 State | Lea County, NM | 7,512 BBLs | 39,947 MCF | Jun 2026 |
| Madera 17 Federal | Lea County, NM | 729 BBLs | 1,369 MCF | Jun 2026 |
| Mandelbaum Fee | Lea County, NM | 0 BBLs | 0 MCF | Apr 2026 |
| Pirate State | Lea County, NM | 3,196 BBLs | 51,762 MCF | Jun 2026 |
| Prodigal Sun 17 24 34 | Lea County, NM | 342 BBLs | 1,520 MCF | Jun 2026 |
| Raider Federal | Lea County, NM | 18,353 BBLs | 95,165 MCF | Jun 2026 |
| Romeo Federal Com | Lea County, NM | 4,184 BBLs | 31,045 MCF | Jun 2026 |
| Salvador Fee | Lea County, NM | 4,221 BBLs | 15,605 MCF | Jul 2026 |
| Sebastian Federal Com | Lea County, NM | 5,265 BBLs | 9,657 MCF | Jul 2026 |
| The Contest Federal Com | Lea County, NM | 0 BBLs | 0 MCF | Apr 2026 |
| Van Gogh Fee | Lea County, NM | 1,439 BBLs | 4,522 MCF | Jul 2026 |
| Will Kane 15 W | Lea County, NM | 4,957 BBLs | 8,182 MCF | Jun 2026 |
| Yukon 20 Federal Com | Lea County, NM | 93,556 BBLs | 640,712 MCF | Jun 2026 |
These are the closest 20 companies operating near the Picasso Federal property.