Oil & Gas Property in Lea County, NM
Key data points for Red Tank 3
| County | Lea County, NM |
|---|---|
| Production Dates | Mar 1993 - Jul 2025 |
| Total Oil Production | 4,165,810 BBLs |
| Total Gas Production | 12,140,909 MCF |
| Recent Oil Production | 7,546 BBLs in Jul 2025 |
| Recent Gas Production | 116,231 MCF in Jul 2025 |
| Wells on Property | 60 |
Our Valuation Estimates for Red Tank 3
ShaleAssessment™
Not Available
MarketMultiple™
$1,478,914 **
* 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 Red Tank 3 property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Amanda Amn Federal | Lea County, NM | 0 BBLs | 0 MCF | Jun 2019 |
| Colibri 10 | Lea County, NM | 3,188 BBLs | 8,277 MCF | Aug 2025 |
| Colibri Federal | Lea County, NM | 0 BBLs | 0 MCF | Mar 2019 |
| Coriander 1 | Lea County, NM | 58,020 BBLs | 183,033 MCF | Jul 2025 |
| Covington A Federal | Lea County, NM | 1,626 BBLs | 1,026 MCF | Jul 2025 |
| Frizzle Fry BS Federal Com | Lea County, NM | 23,019 BBLs | 26,772 MCF | Aug 2025 |
| Gato Pequeno 4 Federal | Lea County, NM | 10,919 BBLs | 24,823 MCF | Aug 2025 |
| Llama Mall 26 35 Federal | Lea County, NM | 120,093 BBLs | 286,457 MCF | Jul 2025 |
| Mule Deer 36 State | Lea County, NM | 17 BBLs | 543 MCF | Jul 2025 |
| Prize Federal | Lea County, NM | 329 BBLs | 93 MCF | Jul 2025 |
| Red Tank | Lea County, NM | 1,264 BBLs | 1,562 MCF | Jul 2025 |
| Red Tank 2 | Lea County, NM | 604 BBLs | 1,229 MCF | Jul 2025 |
| Red Tank 4 Federal | Lea County, NM | 0 BBLs | 41 MCF | Jul 2025 |
| Redtail Federal Com | Lea County, NM | 150,995 BBLs | 354,252 MCF | Aug 2025 |
| Redtail State Com | Lea County, NM | 0 BBLs | 0 MCF | Aug 2025 |
| Shell State | Lea County, NM | 0 BBLs | 0 MCF | Oct 2024 |
| Taco Cat 27 34 Federal Com | Lea County, NM | 44,871 BBLs | 135,522 MCF | Jul 2025 |
| Thyme Apy Federal | Lea County, NM | 0 BBLs | 0 MCF | Apr 2018 |
| Urraca 11 Av Federal Com | Lea County, NM | 1,259 BBLs | 12,769 MCF | Aug 2025 |
| Urraca 11 SB Federal | Lea County, NM | 1,225 BBLs | 1,835 MCF | Aug 2025 |
These are the closest 20 companies operating near the Red Tank 3 property.