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 - May 2025
Total Oil Production128,028 BBLs
Total Gas Production5,648,168 MCF
Recent Oil Production277 BBLs in May 2025
Recent Gas Production0 MCF in May 2025
Wells on Property4

Our Valuation Estimates for State Section

ShaleAssessment™

$8,746 *

MarketMultiple™

$35,987 **

* 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 May 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 001APACHE CORPORATIONPlugged (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 NameOperatorCountyMonthly Oil Prod.
10664STATE SECTION 6SOUTHWEST ROYALTIES INCLea County, NM
306623STATE SECTION 7 COMAPACHE CORPORATIONLea 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, NM3,449 BBLs1,195 MCFMay 2025
Encore 12 State ComLea County, NM0 BBLs529 MCFMay 2025
Encore 36 StateLea County, NM0 BBLs133 MCFMay 2025
Giles StateLea County, NM0 BBLs0 MCFNov 2020
Marathon Section 17 State ComLea County, NM0 BBLs0 MCFDec 2021
Miller BW StateLea County, NM151 BBLs0 MCFMay 2025
New MexicoLea County, NM0 BBLs0 MCFSep 2011
North Vacuum AboLea County, NM20,171 BBLs10,344 MCFMay 2025
North Vacuum AboLea County, NM246 BBLs53 MCFMay 2025
Pinedale 22115 9 4 State ComLea County, NM4,909 BBLs10,196 MCFMay 2025
Santa Fe A ComLea County, NM0 BBLs0 MCFFeb 2025
Shoe Bar Ranch Unit 3Lea County, NM0 BBLs0 MCFNov 2023
ShoebarLea County, NM0 BBLs0 MCFMar 2024
Silverstrand StateLea County, NM342 BBLs158 MCFMay 2025
South Shoebar 1Lea County, NM0 BBLs0 MCFFeb 2025
Staplin State AcLea County, NM296 BBLs0 MCFMay 2025
State Of New Mexico 35Lea County, NM46 BBLs94 MCFMay 2025
VacuumLea County, NM474 BBLs0 MCFMay 2025
VacuumLea County, NM265 BBLs452 MCFMay 2025
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
Apache Corporation
BC Operating, Inc.
Breitburn Operating LP
Bta Oil Producers, LLC
Chevron USA Inc
Cross Timbers Energy, LLC
Fae II Operating LLC
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 Expl. And Prod. Inc.
Unitex Oil & Gas, L.L.C.
XTO Energy Inc.