State Section

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 Oil & Gas Property

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Property Summary

Key data points for State Section

CountyLea County, NM
Production DatesJan 1993 - Nov 2025
Total Oil Production129,446 BBLs
Total Gas Production5,648,168 MCF
Recent Oil ProductionNo Recent Prod.
Recent Gas ProductionNo Recent Prod.
Wells on Property4

Our Valuation Estimates for State Section

ShaleAssessment™

$7,931 *

MarketMultiple™

$23,670 **

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

Based on a decimal interest

State Section 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
from Jan 1993 to Nov 2025

Wells on State Section

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
30-025-25032STATE SECTION 6 001SOUTHWEST ROYALTIES INCActiveLea County, NM32.858818-103.499092
30-025-25273STATE SECTION 7 COM 001HILCORP ENERGY COMPANYPlugged (Not Released)Lea County, NM32.851540-103.495102
30-025-35367STATE SECTION 7 COM 002MARATHON OIL COCancelledLea County, NM32.845003-103.495095
30-025-36358STATE SECTION 6 002SOUTHWEST ROYALTIES INCCancelledLea County, NM32.862419-103.494463

Leases included in State Section

Lease #Lease NameOperatorCounty
10664STATE SECTION 6SOUTHWEST ROYALTIES INCLea County, NM
306623STATE SECTION 7 COMAPACHE CORPORATIONLea County, NM
337651STATE SECTION 7 COMHILCORP ENERGY COMPANYLea County, NM
6475STATE SECTION 7 COMMARATHON OIL COLea County, NM

Operators Associated With State Section

Nearby Properties

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

Property NameLocationOil Prod.Gas Prod.Prod. Period
Bridges StateLea County, NM3,280 BBLs1,241 MCFFeb 2026
Encore 12 State ComLea County, NM21 BBLs1,360 MCFFeb 2026
Encore 36 StateLea County, NM0 BBLs241 MCFFeb 2026
Giles StateLea County, NM0 BBLs0 MCFNov 2020
Marathon Section 17 State ComLea County, NM0 BBLs0 MCFDec 2021
Miller BW StateLea County, NM154 BBLs0 MCFFeb 2026
New MexicoLea County, NM0 BBLs0 MCFSep 2011
North Vacuum AboLea County, NM19,253 BBLs14,246 MCFFeb 2026
North Vacuum AboLea County, NM221 BBLs264 MCFFeb 2026
Pinedale 22115 9 4 State ComLea County, NM2,508 BBLs5,097 MCFFeb 2026
Santa Fe A ComLea County, NM0 BBLs0 MCFFeb 2025
Shoe Bar Ranch Unit 3Lea County, NM0 BBLs0 MCFNov 2023
ShoebarLea County, NM0 BBLs421 MCFFeb 2026
Silverstrand StateLea County, NM433 BBLs217 MCFFeb 2026
South Shoebar 1Lea County, NM0 BBLs1,118 MCFFeb 2026
Staplin State AcLea County, NM331 BBLs0 MCFFeb 2026
State Of New Mexico 35Lea County, NM151 BBLs81 MCFFeb 2026
VacuumLea County, NM169 BBLs0 MCFFeb 2026
VacuumLea County, NM169 BBLs289 MCFFeb 2026
Willow Peg StateLea County, NM0 BBLs0 MCFApr 2023

Companies in the Area

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

Company Name
BC Operating, Inc.
Breitburn Operating LP
Bta Oil Producers, LLC
Chevron USA Inc
Cross Timbers Energy, LLC
Fae II Operating LLC
Hilcorp Energy Company
Lime Rock Resources II-A, L.P.
Marathon Oil Company
Mobil Producing Texas & New Mexico
Morningstar Operating LLC
Phillips Petroleum Company
Quantum Resources Management LLC
Redwood Operating LLC
Sage Energy Company
Sheridan Production Company, LLC
Southwest Royalties, Inc.
Texaco Exploration & Prod Inc
Unitex Oil & Gas, L.L.C.
XTO Energy Inc.