Oil & Gas Property in Lea County, NM
Key data points for Ramsey State
| County | Lea County, NM | 
|---|---|
| Production Dates | Jan 1993 - Jul 2025 | 
| Total Oil Production | 17,142 BBLs | 
| Total Gas Production | 128,590 MCF | 
| Recent Oil Production | 61 BBLs in Jul 2025 | 
| Recent Gas Production | 247 MCF in Jul 2025 | 
| Wells on Property | 6 | 
Our Valuation Estimates for Ramsey State
ShaleAssessment™
$466 *
MarketMultiple™
$8,229 **
* 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 Ramsey State property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period | 
|---|---|---|---|---|
| C C Fristoe A Federal NCT | Lea County, NM | 148 BBLs | 1,028 MCF | Aug 2025 | 
| C C Fristoe B Federal NCT | Lea County, NM | 1,199 BBLs | 13,636 MCF | Aug 2025 | 
| Elliott 31 Federal | Lea County, NM | 0 BBLs | 0 MCF | Dec 2024 | 
| G L Erwin A Federal | Lea County, NM | 156 BBLs | 758 MCF | Aug 2025 | 
| G L Erwin B Federal NCT | Lea County, NM | 1,106 BBLs | 9,022 MCF | Aug 2025 | 
| George L Erwin | Lea County, NM | 0 BBLs | 0 MCF | Jul 2024 | 
| Hale State | Lea County, NM | 56 BBLs | 4,924 MCF | Jul 2025 | 
| Hodges B | Lea County, NM | 0 BBLs | 0 MCF | Mar 2024 | 
| Humphrey Queen Unit | Lea County, NM | 0 BBLs | 0 MCF | Mar 2024 | 
| Justis S | Lea County, NM | 0 BBLs | 0 MCF | Apr 2025 | 
| Langlie Mattix | Lea County, NM | 14 BBLs | 0 MCF | Jul 2025 | 
| M E Hale | Lea County, NM | 84 BBLs | 954 MCF | Jul 2025 | 
| New Mexico B | Lea County, NM | 371 BBLs | 1,852 MCF | Aug 2025 | 
| Red Cloud | Lea County, NM | 0 BBLs | 0 MCF | Aug 2019 | 
| Stuart Langlie Mattix Unit | Lea County, NM | 100 BBLs | 0 MCF | Aug 2025 | 
| Trantula 3 Federal | Lea County, NM | 0 BBLs | 0 MCF | Aug 2020 | 
| Vance 30 | Lea County, NM | 0 BBLs | 0 MCF | Jan 2024 | 
| W A Ramsay NCT | Lea County, NM | 23 BBLs | 152 MCF | Aug 2025 | 
| West Dollarhide | Lea County, NM | 12,747 BBLs | 10,453 MCF | Aug 2025 | 
| Westates Federal | Lea County, NM | 0 BBLs | 0 MCF | Jun 2025 | 
These are the closest 20 companies operating near the Ramsey State property.