Oil & Gas Property in Lea County, NM
Key data points for Playa 2 State
| County | Lea County, NM |
|---|---|
| Operator | FRANKLIN MOUNTAIN ENERGY 3, LLC |
| Production Dates | May 2012 - Feb 2024 |
| Total Oil Production | 416,641 BBLs |
| Total Gas Production | 259,578 MCF |
| Recent Oil Production | 904 BBLs in Feb 2024 |
| Recent Gas Production | 946 MCF in Feb 2024 |
| Wells on Property | 2 |
Our Valuation Estimates for Playa 2 State
ShaleAssessment™
$55,946 *
MarketMultiple™
$139,955 **
* 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 Playa 2 State property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Aircobra 12 State | Lea County, NM | 1,686 BBLs | 1,001 MCF | Feb 2024 |
| Airstrip | Lea County, NM | 1,110 BBLs | 134 MCF | Feb 2024 |
| Airstrip 6 State Com 00 | Lea County, NM | 1,032 BBLs | 228 MCF | Feb 2024 |
| Bobwhite 11 State | Lea County, NM | 0 BBLs | 0 MCF | Apr 2018 |
| Butter Cup 3 | Lea County, NM | 2,078 BBLs | 2,565 MCF | Feb 2024 |
| Cimarron | Lea County, NM | 3,438 BBLs | 2,845 MCF | Feb 2024 |
| Go State | Lea County, NM | 0 BBLs | 0 MCF | Jul 2023 |
| King Cobra 2 State | Lea County, NM | 2,114 BBLs | 720 MCF | Feb 2024 |
| Mongoose Fee | Lea County, NM | 455 BBLs | 605 MCF | Feb 2024 |
| Quail 11 State | Lea County, NM | 2,798 BBLs | 2,345 MCF | Feb 2024 |
| Quail Queen Unit | Lea County, NM | 134 BBLs | 0 MCF | Feb 2024 |
| Raptor West 3 State | Lea County, NM | 0 BBLs | 0 MCF | Jan 2024 |
| Scharb 10 | Lea County, NM | 3,475 BBLs | 3,371 MCF | Feb 2024 |
| State | Lea County, NM | 0 BBLs | 0 MCF | Feb 1998 |
| SV Bobwhite Federal | Lea County, NM | 382 BBLs | 177 MCF | Feb 2024 |
| Teal 12 State Com | Lea County, NM | 1,640 BBLs | 2,513 MCF | Feb 2024 |
| Teapot | Lea County, NM | 841 BBLs | 1,921 MCF | Feb 2024 |
| Tin Cup 36 State Com | Lea County, NM | 533 BBLs | 820 MCF | Feb 2024 |
| Tres Primos 3 State | Lea County, NM | 1,957 BBLs | 839 MCF | Feb 2024 |
| Wild Cobra 1 State | Lea County, NM | 2,019 BBLs | 1,359 MCF | Feb 2024 |
These are the closest 20 companies operating near the Playa 2 State property.