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 Production225,106 BBLs
Total Gas Production219,963 MCF
Recent Oil Production28 BBLs in Dec 2025
Recent Gas Production0 MCF in Dec 2025
Wells on Property3

Our Valuation Estimates for State

ShaleAssessment™

$3,875 *

MarketMultiple™

$1,954 **

* 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
30-025-00001STATE B 001LARIO OIL & GAS COPluggedLea County, NM33.556572-103.616478
30-025-22646STATE B 002PENROC OIL CORPPluggedLea County, NM33.560060-103.625580
30-025-23872STATE 9 001SOUTHWEST ROYALTIES INCActiveLea County, NM33.545950-103.579030

Leases included in State

Lease #Lease NameOperatorCountyMonthly Oil Prod.
20712STATE 9SOUTHWEST ROYALTIES INCLea County, NM
5775STATE BLARIO OIL & GAS COLea County, NM
8937STATE BPENROC OIL CORPLea 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
Button UpLea County, NM0 BBLs0 MCFApr 2001
Clemmons Sunburst FederalLea County, NM170 BBLs2 MCFDec 2025
CoastalLea County, NM0 BBLs0 MCFApr 2025
Cola Ado State ComChaves County, NM0 BBLs0 MCFSep 2025
CooperLea County, NM0 BBLs0 MCFApr 2004
Crossroads 22 StateLea County, NM143 BBLs608 MCFDec 2025
Dwight Azi StateLea County, NM0 BBLs0 MCFDec 2021
Flying MLea County, NM1,908 BBLs114 MCFDec 2025
HumbleChaves County, NM5 BBLs0 MCFDec 2025
Kellahin 14 StateLea County, NM0 BBLs0 MCFDec 2015
McAlesterChaves County, NM0 BBLs0 MCFFeb 2018
McGuffinLea County, NM879 BBLs79 MCFDec 2025
New MexicoLea County, NM279 BBLs30 MCFDec 2025
Penroc New Mexico BW StateChaves County, NM0 BBLs0 MCFJan 2010
Quota Aqt StateLea County, NM882 BBLs1,851 MCFDec 2025
South Tobac State UnitChaves County, NM0 BBLs0 MCFOct 2025
Southern Minerals StateLea County, NM268 BBLs1,384 MCFDec 2025
StateChaves County, NM0 BBLs0 MCFMar 2021
Sunburst Spence FederalLea County, NM0 BBLs0 MCFSep 2025
Susco StateLea County, NM558 BBLs0 MCFDec 2025

Companies in the Area

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

Company Name
Apache Corporation
Atlas Operating LLC
BC Operating, Inc.
Bettis Boyle & Stovall,Inc.
Bridwell Oil Company
Dwight A Tipton
El Paso Production Oil & Gas Co.
Endeavor Energy Resources, LP
EOG Resources, Inc.
EOG Y Resources, Inc.
Extex Operating Company
Manzano Oil Corporation
Marshall & Winston, Inc.
Merit Energy Company, LLC
Mulloy Operating, Inc.
Nadel And Gussman Permian,L.L.C.
Opal Operating Company LLC
Rhonda Operating Company
Southwest Royalties, Inc.
Spence Energy Company