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 Production435,380 BBLs
Total Gas Production157,716 MCF
Recent Oil Production348 BBLs in Dec 2025
Recent Gas Production74 MCF in Dec 2025
Wells on Property9

Our Valuation Estimates for State

ShaleAssessment™

$4,262 *

MarketMultiple™

$38,377 **

* 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
30-025-03681STATE 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
CaudillLea County, NM0 BBLs0 MCFMay 1998
Caudill East 9 FeeLea County, NM321 BBLs1,544 MCFDec 2025
Caudill NorthLea County, NM0 BBLs0 MCFOct 2011
Caudill South 21 FeeLea County, NM616 BBLs1,123 MCFDec 2025
Caudill WestLea County, NM219 BBLs8,442 MCFDec 2025
D Culbertson 26 15S 36e TL StateLea County, NM1,139 BBLs2,067 MCFDec 2025
Easley 6Lea County, NM417 BBLs2,238 MCFDec 2025
Gaines Baty State ComLea County, NM5,926 BBLs11,753 MCFDec 2025
GoodrichLea County, NM0 BBLs0 MCFDec 1998
GrahamLea County, NM214 BBLs1,527 MCFDec 2025
J P DeanLea County, NM0 BBLs0 MCFJul 2014
Kim 1Lea County, NM434 BBLs351 MCFDec 2025
Kim HarrisLea County, NM0 BBLs0 MCFJul 1994
Lea 396 StateLea County, NM0 BBLs0 MCFSep 2019
Olivine 05 16 37 TL StateLea County, NM245 BBLs445 MCFDec 2025
Reed 24 25 B StateLea County, NM511 BBLs2,089 MCFDec 2025
Royal StimulatorLea County, NM0 BBLs0 MCFMar 2008
William 14 FederalLea County, NM15 BBLs4,571 MCFDec 2025

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
Chesapeake Operating, Inc.
Continental Resources, Inc.
Coterra Energy Operating Co.
David H Arrington Oil & Gas Inc
Devon Energy Production Company, L.P.
EOG Resources, Inc.
EOG Y Resources, Inc.
Extex Operating Company
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