Oil & Gas Property in Lea County, NM
Key data points for Alpha State Com
| County | Lea County, NM |
|---|---|
| Operator | FRANKLIN MOUNTAIN ENERGY 3, LLC |
| Production Dates | Dec 2023 - Dec 2024 |
| Total Oil Production | 184,834 BBLs |
| Total Gas Production | 126,305 MCF |
| Recent Oil Production | 3,422 BBLs in Nov 2024 |
| Recent Gas Production | 3,186 MCF in Nov 2024 |
| Wells on Property | 20 |
Our Valuation Estimates for Alpha State Com
ShaleAssessment™
Not Available
MarketMultiple™
$1,776,918 **
* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue
Based on a decimal interest
These are the closest 20 properties to the Alpha State Com property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Airstrip 6 State Com 00 | Lea County, NM | 560 BBLs | 283 MCF | Dec 2024 |
| Cable 19 35 | Lea County, NM | 4,183 BBLs | 3,444 MCF | Dec 2024 |
| Charles S Alves | Lea County, NM | 0 BBLs | 0 MCF | Jan 2002 |
| Eagle State Com | Lea County, NM | 21,646 BBLs | 21,789 MCF | Dec 2024 |
| Elkan | Lea County, NM | 0 BBLs | 0 MCF | Mar 1996 |
| Foxtail State Com | Lea County, NM | 0 BBLs | 0 MCF | Dec 2024 |
| Gateway 2 State | Lea County, NM | 250 BBLs | 117 MCF | Nov 2024 |
| Hibiscus 08 19 35 RN State Com | Lea County, NM | 937 BBLs | 1,296 MCF | Dec 2024 |
| Ironhouse 3 | Lea County, NM | 0 BBLs | 0 MCF | Sep 2024 |
| Jackson 5 | Lea County, NM | 0 BBLs | 0 MCF | Oct 2018 |
| New Mexico DD State | Lea County, NM | 1 BBLs | 0 MCF | Nov 2024 |
| Norte State Com | Lea County, NM | 4,478 BBLs | 2,852 MCF | Dec 2024 |
| Ora Jackson | Lea County, NM | 0 BBLs | 0 MCF | Jan 1996 |
| Pearl State | Lea County, NM | 0 BBLs | 0 MCF | Sep 2012 |
| Peoples 3 | Lea County, NM | 0 BBLs | 0 MCF | Oct 2005 |
| Rambo E2 08 17 State Com | Lea County, NM | 6,109 BBLs | 4,800 MCF | Dec 2024 |
| Scharb | Lea County, NM | 0 BBLs | 0 MCF | Jun 2021 |
| Smith 5 | Lea County, NM | 0 BBLs | 0 MCF | May 1996 |
| Sprinkle Federal | Lea County, NM | 0 BBLs | 0 MCF | Mar 2007 |
| Vacuum State | Lea County, NM | 0 BBLs | 0 MCF | Apr 2007 |
These are the closest 20 companies operating near the Alpha State Com property.