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 - May 2025
Total Oil Production740,866 BBLs
Total Gas Production1,139,424 MCF
Recent Oil Production985 BBLs in May 2025
Recent Gas Production1,841 MCF in May 2025
Wells on Property8

Our Valuation Estimates for State

ShaleAssessment™

$48,196 *

MarketMultiple™

$9,087 **

* 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 May 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 BBLs3,045 MCFMay 2025
Chimichangas 12 State ComLea County, NM22,429 BBLs53,315 MCFMay 2025
Chorizo 12 State ComLea County, NM22,017 BBLs33,701 MCFMay 2025
Dolly VardenLea County, NM149,857 BBLs207,267 MCFMay 2025
Dolly Varden 25 24 BLea County, NM6,014 BBLs16,354 MCFMay 2025
Eric Cartman 6 State ComLea County, NM69,058 BBLs147,439 MCFMay 2025
Getty 1 StateLea County, NM0 BBLs0 MCFApr 2025
Getty 36 State ComLea County, NM0 BBLs1,226 MCFMay 2025
Gordita 6 State ComLea County, NM9,489 BBLs22,363 MCFMay 2025
Grama Ridge 116 35Lea County, NM34,460 BBLs105,080 MCFMay 2025
Grama Ridge East 34Lea County, NM15,608 BBLs64,931 MCFMay 2025
Inland 26 23 BLea County, NM28,710 BBLs117,416 MCFMay 2025
Margarita 12 State ComLea County, NM25,681 BBLs96,287 MCFMay 2025
New Mexico DLea County, NM55 BBLs9,603 MCFMay 2025
Ram 3 B2NC State ComLea County, NM2,989 BBLs7,716 MCFMay 2025
Ram 3 B2pa State ComLea County, NM2,132 BBLs5,254 MCFMay 2025
Ram 3 B3pa State ComLea County, NM1,041 BBLs2,213 MCFMay 2025
Slick Mesa 27 StateLea County, NM903 BBLs9,920 MCFMay 2025
Squeeze 2 StateLea County, NM14,128 BBLs47,065 MCFMay 2025
Steelhead 36 25 B2Lea County, NM13,188 BBLs52,692 MCFMay 2025

Companies in the Area

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

Company Name
3R Operating , LLC
Apache Corporation
Bta Oil Producers
Bta Oil Producers, LLC
C W Trainer
Caza Operating, LLC
Chisholm Energy Operating, LLC
Cimarex Energy Co. Of Colorado
COG Operating LLC
Earthstone Operating, LLC
EOG Resources, Inc.
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.