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 - May 2026 |
| Total Oil Production | 287,393 BBLs |
| Total Gas Production | 1,552,405 MCF |
| Recent Oil Production | 1,190 BBLs in May 2026 |
| Recent Gas Production | 8,609 MCF in May 2026 |
| Wells on Property | 4 |
Our Valuation Estimates for Picasso Federal
ShaleAssessment™
$35,023 *
MarketMultiple™
$90,557 **
* 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 | 8,632 BBLs | 18,465 MCF | May 2026 |
| Brad Lummis Com | Lea County, NM | 6,105 BBLs | 13,065 MCF | May 2026 |
| Brad Lummis Federal Com | Lea County, NM | 3,145 BBLs | 13,599 MCF | May 2026 |
| Carl Mottek Federal | Lea County, NM | 7,583 BBLs | 20,732 MCF | May 2026 |
| Flowmaster | Lea County, NM | 7,070 BBLs | 13,486 MCF | May 2026 |
| Galleon 21 Federal | Lea County, NM | 22,253 BBLs | 183,139 MCF | May 2026 |
| Gramma Ridge 14 24 34 | Lea County, NM | 3,106 BBLs | 12,405 MCF | May 2026 |
| Jolly Roger 16 State | Lea County, NM | 7,544 BBLs | 40,857 MCF | May 2026 |
| Madera 17 Federal | Lea County, NM | 720 BBLs | 1,166 MCF | May 2026 |
| Mandelbaum Fee | Lea County, NM | 0 BBLs | 0 MCF | Apr 2026 |
| Pirate State | Lea County, NM | 1,307 BBLs | 17,346 MCF | May 2026 |
| Prodigal Sun 17 24 34 | Lea County, NM | 463 BBLs | 1,630 MCF | May 2026 |
| Raider Federal | Lea County, NM | 15,522 BBLs | 57,547 MCF | May 2026 |
| Romeo Federal Com | Lea County, NM | 4,961 BBLs | 40,118 MCF | May 2026 |
| Salvador Fee | Lea County, NM | 3,804 BBLs | 11,354 MCF | May 2026 |
| Sebastian Federal Com | Lea County, NM | 7,346 BBLs | 13,596 MCF | May 2026 |
| The Contest Federal Com | Lea County, NM | 0 BBLs | 0 MCF | Apr 2026 |
| Van Gogh Fee | Lea County, NM | 2,417 BBLs | 6,416 MCF | May 2026 |
| Will Kane 15 W | Lea County, NM | 3,681 BBLs | 6,385 MCF | May 2026 |
| Yukon 20 Federal Com | Lea County, NM | 102,607 BBLs | 683,618 MCF | May 2026 |
These are the closest 20 companies operating near the Picasso Federal property.