Wallace State

Oil & Gas Property in Lea County, NM

  2. New Mexico
  3. Lea County, NM
  4. Oil & Gas Properties in Lea County, NM
  5. Wallace State Oil & Gas Property

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Property Summary

Key data points for Wallace State

CountyLea County, NM
OperatorME-TEX OIL & GAS, INC.
Production DatesJan 1993 - Apr 2026
Total Oil Production373,384 BBLs
Total Gas Production3,377,176 MCF
Recent Oil Production800 BBLs in Mar 2026
Recent Gas Production6,039 MCF in Mar 2026
Wells on Property6

Our Valuation Estimates for Wallace State

ShaleAssessment™

$38,397 *

MarketMultiple™

$119,357 **

* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue

Based on a decimal interest

Wallace State Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Wallace State
from Jan 1993 to Apr 2026

Wells on Wallace State

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
30-025-20074WALLACE STATE 005ME-TEX OIL & GAS INCActiveLea County, NM32.508785-103.259590
30-025-20168WALLACE STATE 006ME-TEX OIL & GAS INCActiveLea County, NM32.512432-103.254242
30-025-20190WALLACE STATE 007ME-TEX OIL & GAS INCActiveLea County, NM32.516041-103.260658
30-025-26811WALLACE STATE 008ME-TEX OIL & GAS INCActiveLea County, NM32.513149-103.255310
30-025-28066WALLACE STATE 010ME-TEX OIL & GAS INCActiveLea County, NM32.510613-103.256378
30-025-29055WALLACE STATE 011ME-TEX OIL & GAS INCActiveLea County, NM32.512417-103.258522

Leases included in Wallace State

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
6767WALLACE STATEME-TEX OIL & GAS INCLea County, NM

Nearby Properties

These are the closest 20 properties to the Wallace State property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
A J AdkinsLea County, NM666 BBLs1,081 MCFMar 2026
Bell Ramsay NCTLea County, NM407 BBLs2,043 MCFMar 2026
Ernest C AdkinsLea County, NM0 BBLs1,582 MCFMar 2026
Eunice MonumentLea County, NM25,401 BBLs13,208 MCFMar 2026
Evans StateLea County, NM0 BBLs0 MCFFeb 2026
Exxon Aggie StateLea County, NM0 BBLs0 MCFNov 2025
Graham Orcutt Gas ComLea County, NM0 BBLs220 MCFMar 2026
H T Orcutt NCTLea County, NM0 BBLs1,089 MCFMar 2026
Heasley StateLea County, NM0 BBLs0 MCFFeb 2026
J A AkensLea County, NM390 BBLs1,214 MCFMar 2026
J F Janda NCT DLea County, NM0 BBLs337 MCFMar 2026
John D KnoxLea County, NM0 BBLs0 MCFFeb 2026
M S BerrymanLea County, NM0 BBLs0 MCFJul 2025
McQuattersLea County, NM351 BBLs1,264 MCFMar 2026
MeyerLea County, NM1,217 BBLs9,981 MCFMar 2026
Meyer B 2Lea County, NM0 BBLs989 MCFMar 2026
New MexicoLea County, NM63 BBLs267 MCFMar 2026
R R Bell NCTLea County, NM0 BBLs1,424 MCFMar 2026
Shell StateLea County, NM0 BBLs0 MCFNov 2025
Turner StateLea County, NM0 BBLs828 MCFMar 2026

Companies in the Area

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

Company Name
Burgundy Oil & Gas Of N M Inc
Chesapeake Operating, Inc.
Chevron USA Inc
Cimarex Energy Co. Of Colorado
Conoco Inc
ConocoPhillips Company
David H Arrington Oil & Gas Inc
Diamond S Energy Company
Doyle Hartman
Empire New Mexico LLC
Enervest Operating LLC
Exxon Mobil Corporation
Finley Resources Inc
Forty Acres Energy, LLC
Hilcorp Energy Company
Occidental Permian LTD.
Petroleum Exploration Company LTD., Limited
Southwest Royalties, Inc.
Texaco Exploration & Prod Inc
XTO Energy Inc.