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 2026
Total Oil Production234,396 BBLs
Total Gas Production11,352,814 MCF
Recent Oil Production169 BBLs in May 2026
Recent Gas Production5,325 MCF in May 2026
Wells on Property8

Our Valuation Estimates for State

ShaleAssessment™

$50,835 *

MarketMultiple™

$61,498 **

* 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 2026

Wells on State

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
30-025-24319STATE 1 001Coterra Energy Operating Co.PluggedLea County, NM32.247528-103.447174
30-025-24414STATE 2 002Coterra Energy Operating Co.Plugged (Not Released)Lea County, NM32.244801-103.442894
30-025-24517STATE 35 001MEWBOURNE OIL COPluggedLea County, NM32.258690-103.442940
30-025-25269STATE R COM 001HMATADOR PRODUCTION COMPANYActiveLea County, NM32.270199-103.425858
30-025-25650STATE EO 001CHESAPEAKE OPERATING, INC.PluggedLea County, NM32.281071-103.442955
30-025-26198STATE 23 001REGENERATION ENERGY, CORPORATIONPluggedLea County, NM32.284699-103.442955
30-025-26328STATE 23 002MATADOR PRODUCTION COMPANYPlugged (Not Released)Lea County, NM32.291943-103.442955
30-025-37774STATE LF 30 002Coterra Energy Operating Co.ActiveLea County, NM32.252064-103.438675

Leases included in State

Lease #Lease NameOperatorCounty
300017STATE EOCHESAPEAKE OPERATING, INC.Lea County, NM
312174STATE 35MEWBOURNE OIL COLea County, NM
312261STATE 23REGENERATION ENERGY, CORPORATIONLea County, NM
317538STATE 23MATADOR PRODUCTION COMPANYLea County, NM
317540STATE R COMMATADOR PRODUCTION COMPANYLea County, NM
320760STATE 1Coterra Energy Operating Co.Lea County, NM
320761STATE 2Coterra Energy Operating Co.Lea 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
Antelope RidgeLea County, NM264 BBLs1,948 MCFMay 2026
Bonanza FederalLea County, NM6 BBLs8 MCFMay 2026
Curry FederalLea County, NM0 BBLs0 MCFOct 2008
FlorenceLea County, NM23,111 BBLs110,720 MCFMay 2026
Gazelle 22 B2Lea County, NM2,524 BBLs10,241 MCFMay 2026
Gazelle 22 B3Lea County, NM3,070 BBLs8,255 MCFMay 2026
Jeff Hart Federal ComLea County, NM28,251 BBLs157,931 MCFMay 2026
Jeff Hart State ComLea County, NM10,151 BBLs26,655 MCFMay 2026
Keller 2Lea County, NM0 BBLs0 MCFApr 2026
Keller 3Lea County, NM50 BBLs122 MCFMay 2026
Kestrel 1 12 FederalLea County, NM8,576 BBLs17,314 MCFMay 2026
Landreth Federal ComLea County, NM372 BBLs912 MCFMay 2026
Mad Dog 26Lea County, NM68,397 BBLs245,204 MCFMay 2026
Mad Dog 26 B3NC State ComLea County, NM1,515 BBLs3,129 MCFMay 2026
Mad Dog 26 MD State Com 001HLea County, NM402 BBLs251 MCFMay 2026
Mad Dog 35 BLea County, NM3,722 BBLs5,036 MCFMay 2026
Mad Dog 35 CN State ComLea County, NM463 BBLs558 MCFMay 2026
Mortarboard Federal ComLea County, NM3,319 BBLs7,633 MCFMay 2026
Toro 36 B3Lea County, NM5,747 BBLs24,496 MCFMay 2026
ZN 27 22 Federal State ComLea County, NM80,050 BBLs157,089 MCFMay 2026

Companies in the Area

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

Company Name
3R Operating , LLC
Bold Energy, L.P.
Caza Operating, LLC
Chesapeake Operating, Inc.
Chevron Midcontinent, L.P.
Chevron USA Inc
Civitas Permian Operating, LLC
COG Operating LLC
Coterra Energy Operating Co.
Devon Energy Production Company, L.P.
Estoril Producing Corporation
J C Williamson
Marathon Oil Permian LLC
Matador Production Company
Mewbourne Oil Company
Oxy USA Inc
Regeneration Energy, Corporation
Siana Operating LLC
Strata Production Co
Three Forks Resources, LLC