State

Oil & Gas Property in Lea County, NM

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

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Property Summary

Key data points for State

CountyLea County, NM
Production DatesJan 1993 - Jul 2025
Total Oil Production139,027 BBLs
Total Gas Production3,038,667 MCF
Recent Oil Production180 BBLs in Jul 2025
Recent Gas Production3,412 MCF in Jul 2025
Wells on Property7

Our Valuation Estimates for State

ShaleAssessment™

$18,426 *

MarketMultiple™

$33,146 **

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

Based on a decimal interest

State Production Graph

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

Wells on State

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
30-025-07043STATE 367 001SOUTHWEST ROYALTIES INCActiveLea County, NM32.429913-103.123047
30-025-07044STATE 367 002SOUTHWEST ROYALTIES INCActiveLea County, NM32.433540-103.123047
30-025-07045STATE 367 003CHESAPEAKE OPERATING, INC.PluggedLea County, NM32.433540-103.118774
30-025-07046STATE Q 001HILCORP ENERGY COMPANYPlugged (Not Released)Lea County, NM32.429913-103.118767
30-025-26560STATE 367 004SOUTHWEST ROYALTIES INCActiveLea County, NM32.433540-103.114502
30-025-37483STATE Q 003HILCORP ENERGY COMPANYActiveLea County, NM32.430817-103.115570
30-025-38892STATE Q 002APACHE CORPORATIONCancelledLea County, NM32.429324-103.113457

Leases included in State

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
16847STATE QAPACHE CORPORATIONLea County, NM
29578STATE 367CHESAPEAKE OPERATING, INC.Lea County, NM
335436STATE 367SOUTHWEST ROYALTIES INCLea County, NM
337599STATE QHILCORP ENERGY COMPANYLea County, NM

Operators Associated With State

Nearby Properties

These are the closest 20 properties to the State property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Alice PadLea County, NM83 BBLs1,627 MCFJul 2025
Art YeagerLea County, NM3 BBLs0 MCFAug 2025
ElliottLea County, NM699 BBLs4,073 MCFJul 2025
Eva OwenLea County, NM276 BBLs1,872 MCFAug 2025
F F Hardison BLea County, NM11 BBLs1,868 MCFJul 2025
J R ConeLea County, NM182 BBLs4,843 MCFJul 2025
JonesLea County, NM0 BBLs0 MCFDec 2023
Lou WorthaLea County, NM976 BBLs56,266 MCFJul 2025
MarkLea County, NM1,418 BBLs51,062 MCFJul 2025
Mark Owen 0Lea County, NM31 BBLs1,210 MCFJul 2025
McCallisterLea County, NM467 BBLs0 MCFAug 2025
New Mexico S StateLea County, NM3,456 BBLs24,138 MCFJul 2025
OwenLea County, NM693 BBLs19,026 MCFAug 2025
Paddock UnitLea County, NM1,755 BBLs17,002 MCFJul 2025
S E ConeLea County, NM130 BBLs1,298 MCFJul 2025
S J SarkeysLea County, NM342 BBLs8,173 MCFAug 2025
Sarkey ALea County, NM184 BBLs3,568 MCFJul 2025
SarkeysLea County, NM73 BBLs497 MCFAug 2025
State C Tract 13Lea County, NM141 BBLs2,324 MCFJul 2025
Walter LynchLea County, NM327 BBLs15,028 MCFJul 2025

Companies in the Area

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

Company Name
Apache Corporation
Cameron Oil & Gas Inc
Chesapeake Operating, Inc.
Chevron USA Inc
Empire New Mexico LLC
Exxon Mobil Corporation
Finaly Resources LLC
Hilcorp Energy Company
J R Oil, LTD. Co.
Jay Management Company LLC
Marathon Oil Company
Oxy USA WTP Limited Partnership
Pierce Production Company, LLC
Saber Oil & Gas Ventures, LLC
SMC Oil & Gas, Inc.
Southwest Royalties Inc
Three Forks Resources LLC
Walsh & Watts Inc
XTO Energy Inc.
Zachary Oil Operating Company