Picasso Federal

Oil & Gas Property in Lea County, NM

Property Summary

Key data points for Picasso Federal

County,
OperatorCOG OPERATING LLC
Production DatesFeb 2015 - Mar 2025
Total Oil Production274,923 BBLs
Total Gas Production1,515,094 MCF
Recent Oil Production666 BBLs in Mar 2025
Recent Gas Production2,205 MCF in Mar 2025
Wells on Property4

Our Valuation Estimates for Picasso Federal

ShaleAssessment

$42,615 *

MarketMultiple

$186,671 **

* 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 Mar 2025

Wells on Picasso Federal

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
Unknown,
Unknown,
Unknown,
Unknown,

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
Bell LakeLea County, NM0 BBLs0 MCFFeb 2025
Brad Lummis ComLea County, NM6,457 BBLs26,642 MCFMar 2025
Brad Lummis Federal ComLea County, NM5,800 BBLs26,873 MCFMar 2025
Carl Mottek FederalLea County, NM8,127 BBLs18,581 MCFMar 2025
FlowmasterLea County, NM9,669 BBLs31,115 MCFMar 2025
Galleon 21 FederalLea County, NM42,406 BBLs221,754 MCFMar 2025
Gramma Ridge 14 24 34Lea County, NM5,509 BBLs15,526 MCFApr 2025
Jolly Roger 16 StateLea County, NM9,908 BBLs38,524 MCFMar 2025
Juliet Federal ComLea County, NM20,743 BBLs114,530 MCFMar 2025
Mandelbaum FeeLea County, NM20,775 BBLs99,208 MCFMar 2025
Pirate StateLea County, NM4,128 BBLs52,871 MCFMar 2025
Raider FederalLea County, NM28,908 BBLs178,564 MCFMar 2025
Romeo Federal ComLea County, NM7,345 BBLs23,547 MCFMar 2025
Salvador FeeLea County, NM1,350 BBLs3,347 MCFMar 2025
Sebastian Federal ComLea County, NM6,620 BBLs10,101 MCFMar 2025
Stonewall 28 Federal ComLea County, NM140,632 BBLs247,559 MCFMar 2025
The Contest Federal ComLea County, NM14,536 BBLs44,368 MCFMar 2025
Van Gogh FeeLea County, NM2,507 BBLs7,796 MCFMar 2025
Will Kane 15 WLea County, NM4,991 BBLs7,366 MCFMar 2025
Yukon 20 Federal ComLea County, NM193,498 BBLs997,599 MCFMar 2025

Companies in the Area

These are the closest 0 companies operating near the Picasso Federal property.

Company Name