State Land Section 3

Oil & Gas Property in Lea County, NM

  2. New Mexico
  3. Lea County, NM
  4. Oil & Gas Properties in Lea County, NM
  5. State Land Section 3 Oil & Gas Property

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Property Summary

Key data points for State Land Section 3

CountyLea County, NM
Production DatesJan 1993 - Mar 2020
Total Oil Production39,017 BBLs
Total Gas Production1,682,861 MCF
Recent Oil ProductionNo Recent Prod.
Recent Gas ProductionNo Recent Prod.
Wells on Property10

Our Valuation Estimates for State Land Section 3

ShaleAssessment™

$736 *

MarketMultiple™

Not Available

* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue

Based on a decimal interest

State Land Section 3 Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for State Land Section 3
from Jan 1993 to Mar 2020

Wells on State Land Section 3

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
30-025-07483STATE LAND SECTION 30 005OXY USA INCPlugged (Not Released)Lea County, NM32.716606-103.189980
30-025-07484STATE LAND SECTION 30 006OXY USA INCPluggedLea County, NM32.712978-103.192986
30-025-07485STATE LAND SECTION 30 007OXY USA INCPluggedLea County, NM32.712978-103.189980
30-025-07486STATE LAND SECTION 30 008OXY USA INCPluggedLea County, NM32.716606-103.194054
30-025-07540STATE LAND SECTION 32 006OXY USA INCPluggedLea County, NM32.698429-103.168480
30-025-07541STATE LAND SECTION 32 007OXY USA INCPlugged (Not Released)Lea County, NM32.698219-103.163910
30-025-07542STATE LAND SECTION 32 008OXY USA INCPlugged (Not Released)Lea County, NM32.702053-103.164162
30-025-23309STATE LAND SECTION 32 009OXY USA INCPlugged (Not Released)Lea County, NM32.702469-103.168449
30-025-36271STATE LAND SECTION 32 010ISAGA PETROLEUM LIMITED LIABILITY CO.CancelledLea County, NM32.702702-103.164825
30-025-36279STATE LAND SECTION 32 010LATIGO PETROLEUM, INC.CancelledLea County, NM32.702699-103.164825

Leases included in State Land Section 3

Lease #Lease NameOperatorCounty
20363STATE LAND SECTION 32SAGA PETROLEUM LIMITED LIABILITY CO.Lea County, NM
300313STATE LAND SECTION 32LATIGO PETROLEUM, INC.Lea County, NM
305143STATE LAND SECTION 30OXY USA INCLea County, NM
305144STATE LAND SECTION 32OXY USA INCLea County, NM

Operators Associated With State Land Section 3

Nearby Properties

These are the closest 20 properties to the State Land Section 3 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Bowers A FederalLea County, NM1,431 BBLs200 MCFOct 2025
BP AmericaLea County, NM116 BBLs795 MCFOct 2025
CainLea County, NM18 BBLs0 MCFOct 2025
Conoco 29 StateLea County, NM0 BBLs0 MCFJan 2019
Conoco StateLea County, NM0 BBLs0 MCFApr 2018
H D McKinleyLea County, NM0 BBLs0 MCFOct 2009
HardinLea County, NM0 BBLs0 MCFDec 2001
HerraduraLea County, NM0 BBLs0 MCFJun 2017
HobbsLea County, NM0 BBLs0 MCFAug 2019
Mexico ULea County, NM0 BBLs0 MCFMar 2015
MikeLea County, NM0 BBLs0 MCFMay 2021
North HobbsLea County, NM271,238 BBLs1,073,094 MCFOct 2025
RiceLea County, NM0 BBLs0 MCFDec 2001
SelmanLea County, NM57 BBLs0 MCFNov 2025
South Hobbs G/Sa UnitLea County, NM157,521 BBLs178 MCFOct 2025
StateLea County, NM599 BBLs508 MCFNov 2025
State ALea County, NM0 BBLs0 MCFAug 2017
TerryLea County, NM0 BBLs0 MCFSep 2025
W D GrimesLea County, NM834 BBLs2,419 MCFOct 2025
WilliamsLea County, NM16 BBLs0 MCFDec 2025

Companies in the Area

These are the closest 20 companies operating near the State Land Section 3 property.

Company Name
Apache Corporation
BC & D Operating Inc.
BP America Production Company
Chevron USA Inc
Chi Operating, Inc.
ConocoPhillips Company
Contango Resources LLC
Ew Operating (NM), LLC
Extex Operating Company
Exxon Mobil Corporation
Hess Corporation
Occidental Permian LTD.
Oxy USA Inc
Oxy USA WTP Limited Partnership
Petroleum Exploration Company LTD., Limited
Raybaw Operating, LLC
Saga Petroleum Limited Liability Co.
Shell Western E&P Inc.
Texaco Exploration & Prod Inc
Texland Petroleum-Hobbs, L.L.C.