State Section 2

Oil & Gas Property in Lea County, NM

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

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Property Summary

Key data points for State Section 2

CountyLea County, NM
Production DatesJan 1993 - Oct 2025
Total Oil Production42,317 BBLs
Total Gas Production702,316 MCF
Recent Oil Production65 BBLs in Aug 2025
Recent Gas Production109 MCF in Aug 2025
Wells on Property8

Our Valuation Estimates for State Section 2

ShaleAssessment™

$926 *

MarketMultiple™

$3,645 **

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

Based on a decimal interest

State Section 2 Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for State Section 2
from Jan 1993 to Oct 2025

Wells on State Section 2

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
30-025-06369STATE SECTION 2 003HILCORP ENERGY COMPANYPlugged (Not Released)Lea County, NM32.502464-103.140213
30-025-06371STATE SECTION 2 005APACHE CORPORATIONPluggedLea County, NM32.505817-103.140549
30-025-06373STATE SECTION 2 007HILCORP ENERGY COMPANYActiveLea County, NM32.502468-103.135933
30-025-06374STATE SECTION 2 008HILCORP ENERGY COMPANYActiveLea County, NM32.512455-103.140244
30-025-06377STATE SECTION 2 011APACHE CORPORATIONPluggedLea County, NM32.512924-103.141312
30-025-06379STATE SECTION 2 013APACHE CORPORATIONPluggedLea County, NM32.508816-103.137016
30-025-06380STATE SECTION 2 014HILCORP ENERGY COMPANYActiveLea County, NM32.510632-103.136635
30-025-06489STATE SECTION 2 021APACHE CORPORATIONPluggedLea County, NM32.506714-103.139160

Leases included in State Section 2

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
23116STATE SECTION 2APACHE CORPORATIONLea County, NM
337551STATE SECTION 2HILCORP ENERGY COMPANYLea County, NM

Operators Associated With State Section 2

Nearby Properties

These are the closest 20 properties to the State Section 2 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Coogan FederalLea County, NM0 BBLs0 MCFJan 2018
DauronLea County, NM780 BBLs2,994 MCFOct 2025
East Blinebry Drinkard UnitLea County, NM9,412 BBLs49,636 MCFOct 2025
ElliottLea County, NM0 BBLs0 MCFApr 2024
Exxon FeeLea County, NM0 BBLs0 MCFSep 2016
Gulf HillLea County, NM172 BBLs1,355 MCFOct 2025
Harry Leonard NCTLea County, NM892 BBLs10,947 MCFOct 2025
HawkLea County, NM703 BBLs9,760 MCFOct 2025
Hawk FederalLea County, NM1,148 BBLs26,434 MCFOct 2025
HillLea County, NM279 BBLs1,976 MCFOct 2025
Lea CountyLea County, NM46 BBLs99 MCFOct 2025
LivingstonLea County, NM560 BBLs13,541 MCFOct 2025
M W CollLea County, NM252 BBLs873 MCFOct 2025
New MexicoLea County, NM28 BBLs299 MCFSep 2025
Northeast Drinkard UnitLea County, NM22,923 BBLs112,042 MCFSep 2025
Southland Royalty ALea County, NM708 BBLs7,240 MCFOct 2025
Taylor GlennLea County, NM131 BBLs2,688 MCFOct 2025
Wantz FederalLea County, NM354 BBLs277 MCFSep 2025
Warren Unit Blinebry Tubb WFLea County, NM5,325 BBLs31,445 MCFOct 2025
West Blinebry Drinkard UnitLea County, NM23,395 BBLs53,455 MCFSep 2025

Companies in the Area

These are the closest 20 companies operating near the State Section 2 property.

Company Name
Apache Corporation
Cameron Oil & Gas Inc
Chevron USA Inc
Conoco Inc
ConocoPhillips Company
Contango Resources LLC
Empire New Mexico LLC
Endeavor Energy Resources, LP
Hilcorp Energy Company
John H Hendrix Corp
Jr Cone Operating, LLC
Mar Oil & Gas Corp.
Petroleum Exploration Company LTD., Limited
Raybaw Operating, LLC
SDX Resources, Inc.
Shell Western E&P Inc.
Southwest Royalties, Inc.
Texakoma Oil & Gas Corp
Three Forks Resources, LLC
Zimmerman Oil & Gas Exploration, Inc.