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 - Jul 2025
Total Oil Production742,710 BBLs
Total Gas Production1,142,983 MCF
Recent Oil Production913 BBLs in Jun 2025
Recent Gas Production1,823 MCF in Jun 2025
Wells on Property8

Our Valuation Estimates for State

ShaleAssessment™

$47,024 *

MarketMultiple™

$35,032 **

* 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 Jul 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 BBLs512 MCFJul 2025
Chimichangas 12 State ComLea County, NM33,635 BBLs78,535 MCFJun 2025
Chorizo 12 State ComLea County, NM19,198 BBLs26,192 MCFJun 2025
Dolly VardenLea County, NM105,076 BBLs144,392 MCFJun 2025
Dolly Varden 25 24 BLea County, NM5,217 BBLs17,570 MCFJun 2025
Eric Cartman 6 State ComLea County, NM67,176 BBLs197,757 MCFJun 2025
Getty 1 StateLea County, NM0 BBLs0 MCFApr 2025
Getty 36 State ComLea County, NM0 BBLs294 MCFJul 2025
Gordita 6 State ComLea County, NM14,337 BBLs39,964 MCFJun 2025
Grama Ridge 116 35Lea County, NM26,574 BBLs84,787 MCFJul 2025
Grama Ridge East 34Lea County, NM14,301 BBLs64,880 MCFJun 2025
Inland 26 23 BLea County, NM22,628 BBLs96,646 MCFJun 2025
Margarita 12 State ComLea County, NM23,453 BBLs118,792 MCFJun 2025
New Mexico DLea County, NM0 BBLs12,482 MCFJul 2025
Ram 3 B2pa State ComLea County, NM1,879 BBLs4,606 MCFJun 2025
Ram 3 B3ob State ComLea County, NM1,134 BBLs578 MCFJun 2025
Ram 3 B3pa State ComLea County, NM1,342 BBLs2,162 MCFJun 2025
Slick Mesa 27 StateLea County, NM459 BBLs3,794 MCFJul 2025
Squeeze 2 StateLea County, NM11,946 BBLs41,034 MCFJun 2025
Steelhead 36 25 B2Lea County, NM6,533 BBLs23,961 MCFJun 2025

Companies in the Area

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

Company Name
3R Operating , LLC
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.
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.