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 Production368,890 BBLs
Total Gas Production1,426,078 MCF
Recent Oil Production53 BBLs in May 2025
Recent Gas Production124 MCF in May 2025
Wells on Property4

Our Valuation Estimates for State

ShaleAssessment™

$4,869 *

MarketMultiple™

$7,465 **

* 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
30-025-22582STATE 17 001NOVY OIL & GAS, INCPluggedLea County, NM33.445087-103.488327
30-025-22585STATE 8 001NOVY OIL & GAS, INCPlugged (Not Released)Lea County, NM33.467205-103.480187
30-025-23528STATE 15 001PURVIS OPERATING COPluggedLea County, NM33.448910-103.453987
30-025-36048STATE 15 002PURVIS OPERATING COActiveLea County, NM33.453442-103.457855

Leases included in State

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
15571STATE 15PURVIS OPERATING COLea County, NM
21049STATE 17NOVY OIL & GAS, INCLea County, NM
24715STATE 16L E JONES OPERATING INCLea County, NM
301297STATE 8NOVY OIL & GAS, 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
Continental StateLea County, NM0 BBLs0 MCFNov 1996
Eagle 8806 JV-PLea County, NM109 BBLs0 MCFMay 2025
East Sand Springs BLea County, NM0 BBLs989 MCFMay 2025
Holt StateLea County, NM0 BBLs0 MCFNov 1997
Hytech Aum StateLea County, NM0 BBLs0 MCFFeb 2016
Judson Auu State ComLea County, NM0 BBLs0 MCFFeb 2022
Lagarto Amz StateLea County, NM38 BBLs4,334 MCFMay 2025
Mattea Bfa StateLea County, NM0 BBLs0 MCFMar 2022
Merle BoLea County, NM614 BBLs8,324 MCFMay 2025
Merle Boj State ComLea County, NM0 BBLs0 MCFApr 2022
Merle State UnitLea County, NM0 BBLs0 MCFSep 2007
PenrocLea County, NM0 BBLs0 MCFDec 2024
Rag Mama 30 19 FeeLea County, NM601 BBLs10 MCFMay 2025
Sand Springs Asu StateLea County, NM0 BBLs4,741 MCFMay 2025
Shinnery Azg StateLea County, NM278 BBLs2,676 MCFMay 2025
Simanola Amw StateLea County, NM0 BBLs0 MCFNov 2020
Strait BLLea County, NM1 BBLs990 MCFMay 2025
SunrayLea County, NM0 BBLs0 MCFNov 2020
Taco Auk StateLea County, NM0 BBLs0 MCFDec 2021
Twain BCW StateLea County, NM0 BBLs7,137 MCFMay 2025

Companies in the Area

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

Company Name
Acacia Operating Company, LLC
Ad Astra Resources LLC
Bam Permian Operating, LLC
Barry D Lee Dba Barry Lee Investments
Boge, Inc.
Bta Oil Producers
Bta Oil Producers, LLC
Chesapeake Operating, Inc.
D-Mil Production Inc
Dwight A Tipton
EOG Resources, Inc.
EOG Y Resources Inc
Extex Operating Company
GMX Resources, Inc.
J R Oil, LTD. Co.
Opal Operating Company LLC
Penroc Oil Corp.
Petroleum Production Management, Inc.
Read & Stevens, Inc.
Tom Brown Inc