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 - May 2025
Total Oil Production138,521 BBLs
Total Gas Production3,032,011 MCF
Recent Oil Production226 BBLs in May 2025
Recent Gas Production3,501 MCF in May 2025
Wells on Property7

Our Valuation Estimates for State

ShaleAssessment™

$18,861 *

MarketMultiple™

$25,193 **

* 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 May 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 001APACHE CORPORATIONPlugged (Not Released)Lea County, NM32.429913-103.118767
30-025-26560STATE 367 004SOUTHWEST ROYALTIES INCActiveLea County, NM32.433540-103.114502
30-025-37483STATE Q 003APACHE CORPORATIONActiveLea 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

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, NM101 BBLs1,650 MCFMay 2025
Art YeagerLea County, NM0 BBLs0 MCFMar 2025
ElliottLea County, NM719 BBLs5,290 MCFMay 2025
Eva OwenLea County, NM287 BBLs1,885 MCFMay 2025
F F Hardison BLea County, NM30 BBLs2,319 MCFMay 2025
J R ConeLea County, NM236 BBLs4,973 MCFMay 2025
JonesLea County, NM0 BBLs0 MCFDec 2023
Lou WorthaLea County, NM789 BBLs40,561 MCFMay 2025
MarkLea County, NM1,088 BBLs38,454 MCFMay 2025
Mark Owen 0Lea County, NM34 BBLs1,086 MCFMay 2025
McCallisterLea County, NM35 BBLs0 MCFMay 2025
New Mexico S StateLea County, NM2,918 BBLs23,691 MCFMay 2025
OwenLea County, NM619 BBLs17,038 MCFMay 2025
Paddock UnitLea County, NM1,981 BBLs19,020 MCFMay 2025
S E ConeLea County, NM169 BBLs1,339 MCFMay 2025
S J SarkeysLea County, NM481 BBLs8,763 MCFMay 2025
Sarkey ALea County, NM177 BBLs3,872 MCFMay 2025
SarkeysLea County, NM66 BBLs517 MCFMay 2025
State C Tract 13Lea County, NM148 BBLs1,461 MCFMay 2025
Walter LynchLea County, NM380 BBLs16,408 MCFMay 2025

Companies in the Area

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

Company Name
Anadarko Petroleum Corporation
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