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 - Feb 2026
Total Oil Production748,564 BBLs
Total Gas Production1,151,747 MCF
Recent Oil Production796 BBLs in Feb 2026
Recent Gas Production1,297 MCF in Feb 2026
Wells on Property8

Our Valuation Estimates for State

ShaleAssessment™

$43,042 *

MarketMultiple™

$105,051 **

* 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 Feb 2026

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 BBLs0 MCFDec 2025
Chimichangas 12 State ComLea County, NM19,110 BBLs97,594 MCFFeb 2026
Chorizo 12 State ComLea County, NM19,757 BBLs94,039 MCFFeb 2026
Dolly VardenLea County, NM80,098 BBLs185,826 MCFFeb 2026
Dolly Varden 25 24 BLea County, NM5,603 BBLs18,724 MCFFeb 2026
Eric Cartman 6 State ComLea County, NM38,695 BBLs135,923 MCFFeb 2026
Getty 1 StateLea County, NM6 BBLs39 MCFFeb 2026
Getty 36 State ComLea County, NM0 BBLs46 MCFFeb 2026
Gordita 6 State ComLea County, NM44,631 BBLs179,427 MCFFeb 2026
Grama Ridge 116 35Lea County, NM19,073 BBLs59,686 MCFFeb 2026
Grama Ridge East 34Lea County, NM11,619 BBLs63,060 MCFFeb 2026
Inland 26 23 BLea County, NM18,785 BBLs87,347 MCFFeb 2026
Margarita 12 State ComLea County, NM15,009 BBLs82,862 MCFFeb 2026
New Mexico DLea County, NM22 BBLs13,750 MCFFeb 2026
Ram 3 B2pa State ComLea County, NM2,462 BBLs3,466 MCFFeb 2026
Ram 3 B3ob State ComLea County, NM2,000 BBLs2,317 MCFFeb 2026
Ram 3 B3pa State ComLea County, NM876 BBLs434 MCFFeb 2026
Slick Mesa 27 StateLea County, NM776 BBLs10,317 MCFFeb 2026
Squeeze 2 StateLea County, NM10,149 BBLs34,143 MCFFeb 2026
Steelhead 36 25 B2Lea County, NM7,504 BBLs36,982 MCFFeb 2026

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.