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 Production369,249 BBLs
Total Gas Production1,426,511 MCF
Recent Oil Production60 BBLs in Dec 2025
Recent Gas Production106 MCF in Dec 2025
Wells on Property4

Our Valuation Estimates for State

ShaleAssessment™

$4,447 *

MarketMultiple™

$5,844 **

* 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
30-025-22582STATE 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
DH 5 StateLea County, NM333 BBLs3,333 MCFDec 2025
Eagle 8806 JV-PLea County, NM114 BBLs0 MCFDec 2025
East Sand Springs BLea County, NM0 BBLs149 MCFDec 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, NM0 BBLs313 MCFDec 2025
Mattea Bfa StateLea County, NM0 BBLs0 MCFMay 2022
Merle BoLea County, NM615 BBLs7,302 MCFDec 2025
Merle Boj State ComLea County, NM0 BBLs0 MCFApr 2022
Merle State UnitLea County, NM0 BBLs0 MCFOct 2007
Midwest E Federal Oil ComLea County, NM41 BBLs2,215 MCFDec 2025
PenrocLea County, NM0 BBLs0 MCFDec 2024
Shinnery Azg StateLea County, NM343 BBLs2,594 MCFDec 2025
Simanola Amw StateLea County, NM0 BBLs0 MCFNov 2020
Strait BLLea County, NM0 BBLs641 MCFDec 2025
SunrayLea County, NM0 BBLs0 MCFNov 2020
Taco Auk StateLea County, NM0 BBLs0 MCFDec 2021
Vada Avj State ComLea County, NM0 BBLs3,125 MCFDec 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.
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.
Rubicon Oil & Gas, LLC
Tom Brown Inc