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 - Dec 2025
Total Oil Production139,933 BBLs
Total Gas Production3,055,578 MCF
Recent Oil Production198 BBLs in Dec 2025
Recent Gas Production3,375 MCF in Dec 2025
Wells on Property7

Our Valuation Estimates for State

ShaleAssessment™

$17,317 *

MarketMultiple™

$35,473 **

* 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 Dec 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, NM89 BBLs867 MCFDec 2025
Art YeagerLea County, NM78 BBLs0 MCFDec 2025
Chevron S E ConeLea County, NM52 BBLs2,224 MCFDec 2025
ElliottLea County, NM751 BBLs4,880 MCFDec 2025
Eva OwenLea County, NM320 BBLs2,311 MCFDec 2025
F F Hardison BLea County, NM0 BBLs1,963 MCFDec 2025
J R ConeLea County, NM146 BBLs5,071 MCFDec 2025
JonesLea County, NM0 BBLs0 MCFDec 2023
Lou WorthaLea County, NM1,153 BBLs52,257 MCFDec 2025
MarkLea County, NM1,159 BBLs49,189 MCFDec 2025
Mark Owen 0Lea County, NM34 BBLs1,183 MCFDec 2025
McCallisterLea County, NM256 BBLs0 MCFDec 2025
New Mexico S StateLea County, NM3,275 BBLs23,182 MCFDec 2025
OwenLea County, NM647 BBLs17,398 MCFDec 2025
Paddock UnitLea County, NM2,323 BBLs22,451 MCFDec 2025
S E ConeLea County, NM96 BBLs1,171 MCFDec 2025
S J SarkeysLea County, NM439 BBLs8,857 MCFDec 2025
Sarkey ALea County, NM191 BBLs3,622 MCFDec 2025
State C Tract 13Lea County, NM188 BBLs2,367 MCFDec 2025
Walter LynchLea County, NM447 BBLs16,240 MCFDec 2025

Companies in the Area

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

Company Name
Ad Astra Resources, LLC
Apache Corporation
Cameron Oil & Gas 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