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

Map of Wells Full Screen Map 3-D Map

Property Summary

Key data points for Picasso Federal

CountyLea County, NM
OperatorCOG OPERATING LLC
Production DatesFeb 2015 - Dec 2025
Total Oil Production280,273 BBLs
Total Gas Production1,527,724 MCF
Recent Oil Production12 BBLs in Dec 2025
Recent Gas Production0 MCF in Dec 2025
Wells on Property4

Our Valuation Estimates for Picasso Federal

ShaleAssessment™

$37,287 *

MarketMultiple™

$81,304 **

* 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
Subscribe for Full Access Subscribe now to gain immediate access
to oil and gas production for Picasso Federal
from Feb 2015 to Dec 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.
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, NM4,547 BBLs20,148 MCFDec 2025
Brad Lummis ComLea County, NM6,764 BBLs28,127 MCFDec 2025
Brad Lummis Federal ComLea County, NM4,574 BBLs32,502 MCFDec 2025
Carl Mottek FederalLea County, NM7,124 BBLs21,428 MCFDec 2025
FlowmasterLea County, NM4,120 BBLs11,796 MCFDec 2025
Galleon 21 FederalLea County, NM31,498 BBLs206,199 MCFDec 2025
Gramma Ridge 14 24 34Lea County, NM3,041 BBLs15,172 MCFDec 2025
Jolly Roger 16 StateLea County, NM9,688 BBLs42,110 MCFDec 2025
Madera 17 FederalLea County, NM909 BBLs1,322 MCFDec 2025
Mandelbaum FeeLea County, NM15,990 BBLs73,579 MCFDec 2025
Pirate StateLea County, NM4,237 BBLs49,644 MCFDec 2025
Prodigal Sun 17 24 34Lea County, NM490 BBLs1,570 MCFDec 2025
Raider FederalLea County, NM23,916 BBLs136,126 MCFDec 2025
Romeo Federal ComLea County, NM5,564 BBLs24,795 MCFDec 2025
Salvador FeeLea County, NM3,894 BBLs19,493 MCFDec 2025
Sebastian Federal ComLea County, NM9,666 BBLs17,937 MCFDec 2025
The Contest Federal ComLea County, NM12,644 BBLs42,180 MCFDec 2025
Van Gogh FeeLea County, NM0 BBLs0 MCFNov 2025
Will Kane 15 WLea County, NM4,053 BBLs4,565 MCFDec 2025
Yukon 20 Federal ComLea County, NM132,846 BBLs980,236 MCFDec 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