State Lease 53

Oil & Gas Property in Mobile Offshore, AL

  2. Alabama
  3. Mobile Offshore, AL
  4. Oil & Gas Properties in Mobile Offshore, AL
  5. State Lease 53 Oil & Gas Property

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Property Summary

Key data points for State Lease 53

CountyMobile Offshore, AL
Production DatesDec 1991 - Jun 2024
Total Oil Production168,626 BBLs
Total Gas Production1,145,738,111 MCF
Recent Oil Production219 BBLs in May 2024
Recent Gas Production559,082 MCF in May 2024
Wells on Property10

Our Valuation Estimates for State Lease 53

ShaleAssessment™

$1,185,659 *

MarketMultiple™

$1,282,854 **

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

Based on a decimal interest

State Lease 53 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 53
from Dec 1991 to Jun 2024

Wells on State Lease 53

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
01-297-20244STATE LEASE 537 #1Exxon Mobil CorporationProducingMobile Offshore, AL30.188333-88.121667
01-297-20257STATE LEASE 531 #1W&T Offshore, Inc.ProducingMobile Offshore, AL30.178407-88.065340
01-297-20281STATE LEASE 532 #1W&T Offshore, Inc.ProducingMobile Offshore, AL30.160490-88.080600
01-297-20303STATE LEASE 531 #2W&T Offshore, Inc.ProducingMobile Offshore, AL30.178183-88.077916
01-297-20312STATE LEASE 531 #3W&T Offshore, Inc.Temporarily AbandonedMobile Offshore, AL30.185770-88.070480
01-297-20313STATE LEASE 531 #4W&T Offshore, Inc.ProducingMobile Offshore, AL30.188964-88.081235
01-297-20325STATE LEASE 537 #2Exxon Mobil CorporationPlugged And AbandonedMobile Offshore, AL30.196111-88.090670
01-297-20355STATE LEASE 536 #3Exxon Mobil CorporationTemporarily AbandonedMobile Offshore, AL30.188170-88.121650
01-297-20358STATE LEASE 536 #4Exxon Mobil CorporationPlugged And AbandonedMobile Offshore, AL30.188333-88.121667
01-297-20362STATE LEASE 537 #3Exxon Mobil CorporationProducingMobile Offshore, AL30.188056-88.121666

Operators Associated With State Lease 53

Nearby Properties

These are the closest 5 properties to the State Lease 53 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
S/L 531 #5Mobile Offshore, AL71 BBLs180,066 MCFJun 2024
SL 624 #4Baldwin Offshore, AL160 BBLs401,986 MCFJun 2024
State Lease 3Baldwin Offshore, AL115 BBLs303,384 MCFJun 2024
State Lease 34Mobile Offshore, AL177 BBLs466,746 MCFJun 2024
State Lease 624Baldwin Offshore, AL61 BBLs154,644 MCFJun 2024

Companies in the Area

These are the closest 4 companies operating near the State Lease 53 property.

Company Name
Exxon Corporation
Exxon Mobil Corporation
Mobil Oil Exploration & Producing Southeast, Inc.
W & T Offshore, Inc.