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 - May 2025
Total Oil Production276,443 BBLs
Total Gas Production1,518,093 MCF
Recent Oil Production1,161 BBLs in May 2025
Recent Gas Production2,282 MCF in May 2025
Wells on Property4

Our Valuation Estimates for Picasso Federal

ShaleAssessment™

$41,516 *

MarketMultiple™

$184,795 **

* 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 May 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, NM7,063 BBLs24,312 MCFMay 2025
Brad Lummis Federal ComLea County, NM5,626 BBLs28,117 MCFMay 2025
Carl Mottek FederalLea County, NM7,500 BBLs17,599 MCFMay 2025
FlowmasterLea County, NM7,872 BBLs29,407 MCFMay 2025
Galleon 21 FederalLea County, NM40,889 BBLs195,093 MCFMay 2025
Gramma Ridge 14 24 34Lea County, NM5,387 BBLs16,231 MCFMay 2025
Jolly Roger 16 StateLea County, NM9,305 BBLs39,879 MCFMay 2025
Juliet Federal ComLea County, NM18,309 BBLs107,532 MCFMay 2025
Madera 17 FederalLea County, NM948 BBLs2,194 MCFMay 2025
Mandelbaum FeeLea County, NM18,588 BBLs90,922 MCFMay 2025
Pirate StateLea County, NM4,267 BBLs56,711 MCFMay 2025
Prodigal Sun 17 24 34Lea County, NM498 BBLs1,691 MCFMay 2025
Raider FederalLea County, NM26,834 BBLs167,825 MCFMay 2025
Romeo Federal ComLea County, NM6,386 BBLs27,571 MCFMay 2025
Salvador FeeLea County, NM2,962 BBLs5,656 MCFMay 2025
Sebastian Federal ComLea County, NM5,342 BBLs7,629 MCFMay 2025
The Contest Federal ComLea County, NM13,857 BBLs44,539 MCFMay 2025
Van Gogh FeeLea County, NM375 BBLs2,975 MCFMay 2025
Will Kane 15 WLea County, NM4,880 BBLs7,962 MCFMay 2025
Yukon 20 Federal ComLea County, NM162,929 BBLs747,843 MCFMay 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