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 - Feb 2025
Total Oil Production274,257 BBLs
Total Gas Production1,512,889 MCF
Recent Oil Production951 BBLs in Feb 2025
Recent Gas Production2,270 MCF in Feb 2025
Wells on Property4

Our Valuation Estimates for Picasso Federal

ShaleAssessment™

$43,151 *

MarketMultiple™

$170,145 **

* 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 Feb 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
Brad Lummis ComLea County, NM5,824 BBLs25,428 MCFFeb 2025
Brad Lummis Federal ComLea County, NM4,522 BBLs19,932 MCFFeb 2025
Carl Mottek FederalLea County, NM5,867 BBLs13,564 MCFFeb 2025
FlowmasterLea County, NM7,676 BBLs20,667 MCFFeb 2025
Galleon 21 FederalLea County, NM39,647 BBLs194,580 MCFFeb 2025
Gramma Ridge 14 24 34Lea County, NM3,751 BBLs8,129 MCFFeb 2025
Jolly Roger 16 StateLea County, NM9,942 BBLs33,353 MCFFeb 2025
Juliet Federal ComLea County, NM19,358 BBLs107,415 MCFFeb 2025
Madera 17 FederalLea County, NM1,115 BBLs1,478 MCFFeb 2025
Mandelbaum FeeLea County, NM19,741 BBLs91,581 MCFFeb 2025
Pirate StateLea County, NM4,444 BBLs44,462 MCFFeb 2025
Prodigal Sun 17 24 34Lea County, NM725 BBLs1,583 MCFFeb 2025
Raider FederalLea County, NM27,037 BBLs159,886 MCFFeb 2025
Romeo Federal ComLea County, NM6,004 BBLs20,853 MCFFeb 2025
Salvador FeeLea County, NM1,655 BBLs4,115 MCFFeb 2025
Sebastian Federal ComLea County, NM5,260 BBLs7,266 MCFFeb 2025
The Contest Federal ComLea County, NM11,797 BBLs36,737 MCFFeb 2025
Van Gogh FeeLea County, NM1,654 BBLs6,830 MCFFeb 2025
Will Kane 15 WLea County, NM3,644 BBLs5,045 MCFFeb 2025
Yukon 20 Federal ComLea County, NM180,307 BBLs879,749 MCFFeb 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