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 - Aug 2024
Total Oil Production77,294 BBLs
Total Gas Production310,758,589 MCF
Recent Oil Production79 BBLs in Jul 2024
Recent Gas Production288,181 MCF in Jul 2024
Wells on Property6

Our Valuation Estimates for State Lease 3

ShaleAssessment™

$1,358,936 *

MarketMultiple™

$518,864 **

* 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 Aug 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 348 (TRACT 77) #3Exxon Mobil CorporationProducingBaldwin Offshore, AL30.240475-88.016589
01-203-20268STATE LEASE 350 (TRACT 95) #4Mobil Oil Exploration & Producing Southeast, Inc.Plugged And AbandonedBaldwin 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 7 properties to the State Lease 3 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
S/L 531 #5Mobile Offshore, AL50 BBLs183,142 MCFAug 2024
SL 615Baldwin Offshore, AL0 BBLs0 MCFFeb 2015
State LeaseBaldwin Offshore, AL0 BBLs0 MCFJun 2024
State LeaseBaldwin Offshore, AL106 BBLs282,830 MCFAug 2024
State LeaseMobile Offshore, AL7 BBLs17,787 MCFAug 2024
State Lease 34Mobile Offshore, AL132 BBLs481,539 MCFAug 2024
State Lease 53Mobile Offshore, AL154 BBLs559,544 MCFAug 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.