State Lease 3

Oil & Gas Property in Baldwin Offshore, AL

  2. Alabama
  3. Baldwin Offshore, AL
  4. Oil & Gas Properties in Baldwin Offshore, AL
  5. State Lease 3 Oil & Gas Property

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Property Summary

Key data points for State Lease 3

CountyBaldwin Offshore, AL
Production DatesMay 1987 - Jun 2024
Total Oil Production77,106 BBLs
Total Gas Production310,184,728 MCF
Recent Oil Production115 BBLs in May 2024
Recent Gas Production303,384 MCF in May 2024
Wells on Property6

Our Valuation Estimates for State Lease 3

ShaleAssessment™

$1,391,363 *

MarketMultiple™

$563,726 **

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

Based on a decimal interest

State Lease 3 Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for State Lease 3
from May 1987 to Jun 2024

Wells on State Lease 3

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
01-203-20061STATE LEASE 350 #1Mobil Oil Exploration & Producing Southeast, Inc.Plugged And AbandonedBaldwin Offshore, AL30.240415-88.016610
01-203-20078STATE LEASE 350 #2Mobil Oil Exploration & Producing Southeast, Inc.Plugged And AbandonedBaldwin Offshore, AL30.240415-88.016610
01-203-20265STATE LEASE 350 (TRACT 95) #3Mobil Oil Exploration & Producing Southeast, Inc.ProducingBaldwin Offshore, AL30.240514-88.016590
01-203-20268STATE LEASE 350 (TRACT 95) #4Mobil Oil Exploration & Producing Southeast, Inc.Plugged And AbandonedBaldwin Offshore, AL30.240475-88.016589
01-203-20268STATE LEASE 348 (TRACT 77) #3Exxon Mobil CorporationProducingBaldwin Offshore, AL30.240475-88.016589
01-203-20308State Lease 348, Tract 77, No.5Mobil Oil Exploration & Producing Southeast, Inc.ProducingBaldwin Offshore, AL30.249880-87.995860

Operators Associated With State Lease 3

Nearby Properties

These are the closest 9 properties to the State Lease 3 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
S/L 531 #5Mobile Offshore, AL71 BBLs180,066 MCFJun 2024
SL 615Baldwin Offshore, AL0 BBLs0 MCFFeb 2015
SL 624 #4Baldwin Offshore, AL160 BBLs401,986 MCFJun 2024
State LeaseMobile Offshore, AL14 BBLs33,050 MCFJun 2024
State LeaseBaldwin Offshore, AL72 BBLs170,010 MCFJun 2024
State LeaseBaldwin Offshore, AL126 BBLs305,928 MCFJun 2024
State Lease 34Mobile Offshore, AL177 BBLs466,746 MCFJun 2024
State Lease 53Mobile Offshore, AL219 BBLs559,082 MCFJun 2024
State Lease 624Baldwin Offshore, AL61 BBLs154,644 MCFJun 2024

Companies in the Area

These are the closest 5 companies operating near the State Lease 3 property.

Company Name
Exxon Corporation
Exxon Mobil Corporation
Legacy Resources Co., L.P.
Mobil Oil Exploration & Producing Southeast, Inc.
W & T Offshore, Inc.