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 - Oct 2025
Total Oil Production434,589 BBLs
Total Gas Production157,501 MCF
Recent Oil Production180 BBLs in Sep 2025
Recent Gas Production75 MCF in Sep 2025
Wells on Property9

Our Valuation Estimates for State

ShaleAssessment™

$4,399 *

MarketMultiple™

$43,453 **

* 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 Oct 2025

Wells on State

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
30-025-03681STATE BM 001MEWBOURNE OIL COActiveLea County, NM33.015747-103.311211
30-025-03682STATE GA 001Extex Operating CompanyActiveLea County, NM33.019360-103.311203
30-025-03685STATE GA 004Extex Operating CompanyActiveLea County, NM33.019360-103.314438
30-025-03687STATE GA 006Extex Operating CompanyActiveLea County, NM33.022987-103.314430
30-025-03689STATE GB 001LEGACY RESERVES OPERATING, LPPluggedLea County, NM33.022987-103.311180
30-025-03714STATE AW 004ARCO PERMIANPluggedLea County, NM32.972290-103.268028
30-025-27611STATE PH 001ELK OIL COPluggedLea County, NM32.983166-103.268028
30-025-34142STATE 23 001RAND PAULSON ENERGY COMPANYPluggedLea County, NM32.996761-103.280647
30-025-38086STATE GA 008ECoterra Energy Operating Co.CancelledLea County, NM33.020265-103.315501

Leases included in State

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
1530STATE AWARCO PERMIANLea County, NM
21546STATE 23RAND PAULSON ENERGY COMPANYLea County, NM
310127STATE GBLEGACY RESERVES OPERATING, LPLea County, NM
330606STATE GAExtex Operating CompanyLea County, NM
334029STATE BMMEWBOURNE OIL COLea County, NM
35958STATE GACoterra Energy Operating Co.Lea County, NM
3988STATE PHELK OIL COLea 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
AndersonLea County, NM0 BBLs0 MCFJul 2001
Arco StateLea County, NM0 BBLs0 MCFMar 2018
Bus Barn 4Lea County, NM45 BBLs321 MCFSep 2025
CaudillLea County, NM0 BBLs0 MCFMay 1998
CaudillLea County, NM465 BBLs574 MCFSep 2025
Caudill NorthLea County, NM0 BBLs0 MCFOct 2011
Caudill South 21 FeeLea County, NM154 BBLs875 MCFSep 2025
Caudill WestLea County, NM204 BBLs18,514 MCFSep 2025
D Culbertson 26 15S 36e TL StateLea County, NM690 BBLs1,658 MCFSep 2025
Easley 6Lea County, NM777 BBLs3,437 MCFSep 2025
Gaines Baty State ComLea County, NM6,836 BBLs11,106 MCFSep 2025
GoodrichLea County, NM0 BBLs0 MCFDec 1998
Hummingbird Adm StateLea County, NM0 BBLs0 MCFMar 2022
J P DeanLea County, NM0 BBLs0 MCFJul 2014
Julia CulpLea County, NM0 BBLs0 MCFAug 2001
Kim 1Lea County, NM442 BBLs398 MCFSep 2025
Kim HarrisLea County, NM0 BBLs0 MCFJul 1994
Lea 396 StateLea County, NM0 BBLs0 MCFSep 2019
Royal StimulatorLea County, NM0 BBLs0 MCFMar 2008
Warehouse 10Lea County, NM0 BBLs0 MCFSep 2014

Companies in the Area

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

Company Name
3tec Energy Corporation
Arco Permian
Armstrong Energy Corporation
Bridge Oil Company LP
Chesapeake Operating, Inc.
Chevron USA Inc
Coterra Energy Operating Co.
David H Arrington Oil & Gas Inc
Devon Energy Production Company, L.P.
EOG Resources Inc
EOG Y Resources Inc
Harvey E Yates Company
Kevin O Butler & Assoc Inc
Leigh Operating Co
Marks And Garner Production LTD Co
Matador Production Company
Stanolind Permian LLC
Sundown Energy LP
V-F Petroleum Inc.
Victory Oil & Gas Inc