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 - Feb 2026 |
| Total Oil Production | 282,787 BBLs |
| Total Gas Production | 1,530,481 MCF |
| Recent Oil Production | 2,514 BBLs in Feb 2026 |
| Recent Gas Production | 2,757 MCF in Feb 2026 |
| Wells on Property | 4 |
Our Valuation Estimates for Picasso Federal
ShaleAssessment™
$36,403 *
MarketMultiple™
$75,904 **
* 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 | 3,874 BBLs | 15,604 MCF | Feb 2026 |
| Brad Lummis Com | Lea County, NM | 5,474 BBLs | 19,280 MCF | Feb 2026 |
| Brad Lummis Federal Com | Lea County, NM | 3,921 BBLs | 27,739 MCF | Feb 2026 |
| Carl Mottek Federal | Lea County, NM | 4,803 BBLs | 13,847 MCF | Feb 2026 |
| Flowmaster | Lea County, NM | 4,459 BBLs | 9,075 MCF | Feb 2026 |
| Galleon 21 Federal | Lea County, NM | 22,478 BBLs | 189,769 MCF | Feb 2026 |
| Gramma Ridge 14 24 34 | Lea County, NM | 3,782 BBLs | 10,360 MCF | Feb 2026 |
| Jolly Roger 16 State | Lea County, NM | 8,177 BBLs | 38,342 MCF | Feb 2026 |
| Madera 17 Federal | Lea County, NM | 839 BBLs | 1,199 MCF | Feb 2026 |
| Mandelbaum Fee | Lea County, NM | 0 BBLs | 0 MCF | Jan 2026 |
| Pirate State | Lea County, NM | 3,288 BBLs | 48,195 MCF | Feb 2026 |
| Prodigal Sun 17 24 34 | Lea County, NM | 528 BBLs | 1,587 MCF | Feb 2026 |
| Raider Federal | Lea County, NM | 19,494 BBLs | 103,200 MCF | Feb 2026 |
| Romeo Federal Com | Lea County, NM | 5,277 BBLs | 22,984 MCF | Feb 2026 |
| Salvador Fee | Lea County, NM | 3,725 BBLs | 9,781 MCF | Feb 2026 |
| Sebastian Federal Com | Lea County, NM | 5,073 BBLs | 9,194 MCF | Feb 2026 |
| The Contest Federal Com | Lea County, NM | 0 BBLs | 0 MCF | Jan 2026 |
| Van Gogh Fee | Lea County, NM | 1,472 BBLs | 1,596 MCF | Feb 2026 |
| Will Kane 15 W | Lea County, NM | 5,464 BBLs | 8,561 MCF | Feb 2026 |
| Yukon 20 Federal Com | Lea County, NM | 113,983 BBLs | 817,685 MCF | Feb 2026 |
These are the closest 20 companies operating near the Picasso Federal property.