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 ProductionNo Recent Prod.
Recent Gas ProductionNo Recent Prod.
Wells on Property4

Our Valuation Estimates for Picasso Federal

ShaleAssessment™

$39,190 *

MarketMultiple™

$110,219 **

* 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 NameOperatorCounty
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 SouthLea County, NM4,639 BBLs18,630 MCFNov 2025
Brad Lummis ComLea County, NM6,467 BBLs24,993 MCFNov 2025
Brad Lummis Federal ComLea County, NM4,622 BBLs33,681 MCFNov 2025
Carl Mottek FederalLea County, NM7,408 BBLs21,559 MCFNov 2025
FlowmasterLea County, NM7,518 BBLs20,398 MCFNov 2025
Galleon 21 FederalLea County, NM29,909 BBLs153,183 MCFNov 2025
Gramma Ridge 14 24 34Lea County, NM4,173 BBLs11,327 MCFNov 2025
Jolly Roger 16 StateLea County, NM9,613 BBLs42,256 MCFNov 2025
Madera 17 FederalLea County, NM887 BBLs1,138 MCFNov 2025
Mandelbaum FeeLea County, NM16,903 BBLs78,331 MCFNov 2025
Pirate StateLea County, NM2,666 BBLs34,981 MCFNov 2025
Prodigal Sun 17 24 34Lea County, NM544 BBLs1,628 MCFNov 2025
Raider FederalLea County, NM21,078 BBLs112,186 MCFNov 2025
Romeo Federal ComLea County, NM6,204 BBLs26,456 MCFNov 2025
Salvador FeeLea County, NM4,263 BBLs19,193 MCFNov 2025
Sebastian Federal ComLea County, NM10,372 BBLs18,202 MCFNov 2025
The Contest Federal ComLea County, NM12,324 BBLs42,487 MCFNov 2025
Van Gogh FeeLea County, NM1,313 BBLs2,281 MCFNov 2025
Will Kane 15 WLea County, NM3,771 BBLs3,483 MCFNov 2025
Yukon 20 Federal ComLea County, NM133,966 BBLs923,638 MCFNov 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
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
EOG Y 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