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 - Feb 2026
Total Oil Production140,281 BBLs
Total Gas Production3,061,544 MCF
Recent Oil Production179 BBLs in Feb 2026
Recent Gas Production3,082 MCF in Feb 2026
Wells on Property7

Our Valuation Estimates for State

ShaleAssessment™

$16,946 *

MarketMultiple™

$35,006 **

* 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 Feb 2026

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, NM110 BBLs1,555 MCFFeb 2026
Art YeagerLea County, NM0 BBLs0 MCFJan 2026
ElliottLea County, NM365 BBLs3,319 MCFFeb 2026
Eva OwenLea County, NM277 BBLs2,018 MCFFeb 2026
F F Hardison BLea County, NM17 BBLs1,483 MCFFeb 2026
J R ConeLea County, NM143 BBLs3,990 MCFFeb 2026
JonesLea County, NM0 BBLs0 MCFDec 2023
Lou WorthaLea County, NM959 BBLs46,385 MCFFeb 2026
MarkLea County, NM963 BBLs41,506 MCFFeb 2026
Mark Owen 0Lea County, NM27 BBLs1,139 MCFFeb 2026
McCallisterLea County, NM237 BBLs0 MCFFeb 2026
New Mexico S StateLea County, NM3,008 BBLs20,648 MCFFeb 2026
OwenLea County, NM644 BBLs17,022 MCFFeb 2026
Paddock UnitLea County, NM2,258 BBLs20,328 MCFFeb 2026
S E ConeLea County, NM100 BBLs1,011 MCFFeb 2026
S J SarkeysLea County, NM509 BBLs7,792 MCFMar 2026
Sarkey ALea County, NM221 BBLs3,686 MCFFeb 2026
SarkeysLea County, NM26 BBLs112 MCFFeb 2026
State C Tract 13Lea County, NM170 BBLs2,025 MCFFeb 2026
Walter LynchLea County, NM449 BBLs14,067 MCFFeb 2026

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