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 - Mar 2026 |
| Total Oil Production | 284,681 BBLs |
| Total Gas Production | 1,535,774 MCF |
| Recent Oil Production | 1,894 BBLs in Mar 2026 |
| Recent Gas Production | 5,292 MCF in Mar 2026 |
| Wells on Property | 4 |
Our Valuation Estimates for Picasso Federal
ShaleAssessment™
$35,950 *
MarketMultiple™
$77,472 **
* 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 | 544 BBLs | 2,104 MCF | Mar 2026 |
| Brad Lummis Com | Lea County, NM | 5,937 BBLs | 22,423 MCF | Mar 2026 |
| Brad Lummis Federal Com | Lea County, NM | 4,229 BBLs | 27,733 MCF | Mar 2026 |
| Carl Mottek Federal | Lea County, NM | 5,061 BBLs | 15,183 MCF | Mar 2026 |
| Flowmaster | Lea County, NM | 7,263 BBLs | 19,299 MCF | Apr 2026 |
| Galleon 21 Federal | Lea County, NM | 25,596 BBLs | 204,934 MCF | Mar 2026 |
| Gramma Ridge 14 24 34 | Lea County, NM | 3,338 BBLs | 9,453 MCF | Mar 2026 |
| Jolly Roger 16 State | Lea County, NM | 9,160 BBLs | 42,821 MCF | Mar 2026 |
| Juliet Federal Com | Lea County, NM | 14,321 BBLs | 109,363 MCF | Mar 2026 |
| Madera 17 Federal | Lea County, NM | 499 BBLs | 595 MCF | Mar 2026 |
| Mandelbaum Fee | Lea County, NM | 0 BBLs | 0 MCF | Jan 2026 |
| Pirate State | Lea County, NM | 3,675 BBLs | 51,776 MCF | Mar 2026 |
| Raider Federal | Lea County, NM | 19,369 BBLs | 101,759 MCF | Mar 2026 |
| Romeo Federal Com | Lea County, NM | 5,213 BBLs | 24,678 MCF | Mar 2026 |
| Salvador Fee | Lea County, NM | 4,409 BBLs | 11,524 MCF | Apr 2026 |
| Sebastian Federal Com | Lea County, NM | 7,152 BBLs | 11,406 MCF | Mar 2026 |
| The Contest Federal Com | Lea County, NM | 0 BBLs | 0 MCF | Jan 2026 |
| Van Gogh Fee | Lea County, NM | 2,316 BBLs | 3,602 MCF | Mar 2026 |
| Will Kane 15 W | Lea County, NM | 5,379 BBLs | 9,154 MCF | Apr 2026 |
| Yukon 20 Federal Com | Lea County, NM | 115,960 BBLs | 806,091 MCF | Mar 2026 |
These are the closest 20 companies operating near the Picasso Federal property.