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 - Nov 2025
Total Oil Production746,154 BBLs
Total Gas Production1,150,103 MCF
Recent Oil Production826 BBLs in Nov 2025
Recent Gas Production1,480 MCF in Nov 2025
Wells on Property8

Our Valuation Estimates for State

ShaleAssessment™

$44,645 *

MarketMultiple™

$87,870 **

* 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 Nov 2025

Wells on State

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
30-025-02572STATE E 022HAL J RASMUSSEN OPER INCPlugged (Not Released)Lea County, NM32.461731-103.441681
30-025-02579STATE 23 025HAL J RASMUSSEN OPER INCPlugged (Not Released)Lea County, NM32.465488-103.441681
30-025-02596STATE L 001FULFER OIL & CATTLE LLCPlugged (Not Released)Lea County, NM32.452694-103.431007
30-025-02605STATE AA 001RAYBAW Operating, LLCTemporary AbandonmentLea County, NM32.433575-103.434135
30-025-08470STATE BU 001V-F PETROLEUM INCPluggedLea County, NM32.415237-103.442719
30-025-26559STATE GC 001Extex Operating CompanyActiveLea County, NM32.400723-103.404526
30-025-27907STATE 001GREAT WESTERN ONSHORE INCPluggedLea County, NM32.411610-103.442726
30-025-38617STATE GC 002Extex Operating CompanyActiveLea County, NM32.411606-103.408478

Leases included in State

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
14038STATE 23HAL J RASMUSSEN OPER INCLea County, NM
14039STATE EHAL J RASMUSSEN OPER INCLea County, NM
25366STATE LFULFER OIL & CATTLE LLCLea County, NM
314863STATE BUV-F PETROLEUM INCLea County, NM
330607STATE GCExtex Operating CompanyLea County, NM
334088STATE AARAYBAW Operating, LLCLea County, NM
4207STATE COMEXXON MOBIL CORPORATIONLea County, NM
4801STATEGREAT WESTERN ONSHORE 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
Burgundy 20005 JV-PLea County, NM0 BBLs754 MCFNov 2025
Chimichangas 12 State ComLea County, NM24,854 BBLs120,367 MCFNov 2025
Chorizo 12 State ComLea County, NM20,913 BBLs85,170 MCFNov 2025
Dolly VardenLea County, NM104,668 BBLs168,073 MCFNov 2025
Dolly Varden 25 24 BLea County, NM7,587 BBLs25,389 MCFNov 2025
Eric Cartman 6 State ComLea County, NM46,951 BBLs185,446 MCFNov 2025
Getty 1 StateLea County, NM32 BBLs83 MCFNov 2025
Getty 36 State ComLea County, NM0 BBLs364 MCFNov 2025
Gordita 6 State ComLea County, NM62,187 BBLs168,483 MCFNov 2025
Grama Ridge 116 35Lea County, NM25,676 BBLs86,767 MCFNov 2025
Grama Ridge East 34Lea County, NM13,913 BBLs74,437 MCFNov 2025
Inland 26 23 BLea County, NM20,075 BBLs98,866 MCFNov 2025
Margarita 12 State ComLea County, NM18,912 BBLs104,010 MCFNov 2025
New Mexico DLea County, NM14 BBLs873 MCFNov 2025
Ram 3 B2pa State ComLea County, NM2,340 BBLs6,081 MCFNov 2025
Ram 3 B3ob State ComLea County, NM1,765 BBLs1,822 MCFNov 2025
Ram 3 B3pa State ComLea County, NM1,275 BBLs5,443 MCFNov 2025
Slick Mesa 27 StateLea County, NM1,118 BBLs11,357 MCFNov 2025
Squeeze 2 StateLea County, NM10,814 BBLs38,336 MCFNov 2025
Steelhead 36 25 B2Lea County, NM9,133 BBLs51,328 MCFNov 2025

Companies in the Area

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

Company Name
3R Operating , LLC
Bta Oil Producers, LLC
C W Trainer
Caza Operating, LLC
Chisholm Energy Operating, LLC
Cimarex Energy Co. Of Colorado
COG Operating LLC
Coterra Energy Operating Co.
Earthstone Operating, LLC
EOG Resources Inc
Hilcorp Energy Company
Jay Management Company LLC
John H Hendrix Corp
Marathon Oil Permian LLC
Marshall & Winston, Inc.
Mewbourne Oil Company
Permian Resources Operating, LLC
Phillips Petroleum Company
Raybaw Operating, LLC
V-F Petroleum Inc.