Oil & Gas Property in Lea County, NM
Key data points for Butter Cup 3
| County | Lea County, NM |
|---|---|
| Operator | FRANKLIN MOUNTAIN ENERGY 3, LLC |
| Production Dates | Apr 2013 - Feb 2025 |
| Total Oil Production | 621,717 BBLs |
| Total Gas Production | 546,246 MCF |
| Recent Oil Production | 1,640 BBLs in Feb 2025 |
| Recent Gas Production | 1,533 MCF in Feb 2025 |
| Wells on Property | 5 |
Our Valuation Estimates for Butter Cup 3
ShaleAssessment™
$108,769 *
MarketMultiple™
$269,057 **
* 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 Butter Cup 3 property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Aircobra 12 State | Lea County, NM | 3,158 BBLs | 2,413 MCF | Feb 2025 |
| Airstrip 31 | Lea County, NM | 9,503 BBLs | 6,631 MCF | Feb 2025 |
| Airstrip 6 State Com 00 | Lea County, NM | 1,587 BBLs | 750 MCF | Feb 2025 |
| Bobwhite 11 State | Lea County, NM | 0 BBLs | 0 MCF | Apr 2018 |
| Caprock 27 State | Lea County, NM | 36 BBLs | 5 MCF | Feb 2025 |
| Condor State | Lea County, NM | 853 BBLs | 2,178 MCF | Feb 2025 |
| Gold State Com | Lea County, NM | 15,433 BBLs | 18,864 MCF | Feb 2025 |
| King Cobra 2 State | Lea County, NM | 2,063 BBLs | 2,073 MCF | Feb 2025 |
| Kingfisher State Com | Lea County, NM | 1,141 BBLs | 332 MCF | Feb 2025 |
| Lea Yh State | Lea County, NM | 0 BBLs | 0 MCF | Nov 2022 |
| Magpie State | Lea County, NM | 0 BBLs | 0 MCF | Sep 2024 |
| Mongoose Fee | Lea County, NM | 623 BBLs | 751 MCF | Feb 2025 |
| Playa 2 State | Lea County, NM | 1,012 BBLs | 1,349 MCF | Feb 2025 |
| Raptor West 3 State | Lea County, NM | 1,437 BBLs | 2,061 MCF | Feb 2025 |
| Satellite State Com | Lea County, NM | 189,782 BBLs | 166,008 MCF | Feb 2025 |
| State | Lea County, NM | 0 BBLs | 0 MCF | Feb 1998 |
| Teapot | Lea County, NM | 413 BBLs | 887 MCF | Feb 2025 |
| Tin Cup 36 State Com | Lea County, NM | 286 BBLs | 644 MCF | Feb 2025 |
| Tres Primos 3 State | Lea County, NM | 1,268 BBLs | 946 MCF | Feb 2025 |
| Wild Cobra 1 State | Lea County, NM | 1,368 BBLs | 1,146 MCF | Feb 2025 |
These are the closest 20 companies operating near the Butter Cup 3 property.