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 - Dec 2024 |
| Total Oil Production | 618,643 BBLs |
| Total Gas Production | 543,346 MCF |
| Recent Oil Production | 1,943 BBLs in Dec 2024 |
| Recent Gas Production | 2,134 MCF in Dec 2024 |
| Wells on Property | 5 |
Our Valuation Estimates for Butter Cup 3
ShaleAssessment™
$111,507 *
MarketMultiple™
$276,809 **
* 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 | 3,617 BBLs | 3,122 MCF | Dec 2024 |
| Airstrip 31 | Lea County, NM | 3,825 BBLs | 1,698 MCF | Dec 2024 |
| Airstrip 6 State Com 00 | Lea County, NM | 880 BBLs | 342 MCF | Dec 2024 |
| Bobwhite 11 State | Lea County, NM | 0 BBLs | 0 MCF | Apr 2018 |
| Caprock 27 State | Lea County, NM | 156 BBLs | 81 MCF | Dec 2024 |
| Condor State | Lea County, NM | 1,001 BBLs | 2,269 MCF | Dec 2024 |
| Gold State Com | Lea County, NM | 27,259 BBLs | 43,569 MCF | Dec 2024 |
| King Cobra 2 State | Lea County, NM | 2,406 BBLs | 2,367 MCF | Dec 2024 |
| Kingfisher State Com | Lea County, NM | 603 BBLs | 168 MCF | Dec 2024 |
| Lea Yh State | Lea County, NM | 0 BBLs | 0 MCF | Nov 2022 |
| Magpie State | Lea County, NM | 0 BBLs | 0 MCF | Sep 2024 |
| Merit 6 Eh State Com | Lea County, NM | 375 BBLs | 0 MCF | Dec 2024 |
| Playa 2 State | Lea County, NM | 906 BBLs | 945 MCF | Dec 2024 |
| Raptor West 3 State | Lea County, NM | 2,362 BBLs | 2,426 MCF | Dec 2024 |
| Satellite State Com | Lea County, NM | 280,549 BBLs | 169,134 MCF | Dec 2024 |
| State | Lea County, NM | 0 BBLs | 0 MCF | Feb 1998 |
| Teapot | Lea County, NM | 642 BBLs | 1,299 MCF | Dec 2024 |
| Tin Cup 36 State Com | Lea County, NM | 346 BBLs | 764 MCF | Dec 2024 |
| Tres Primos 3 State | Lea County, NM | 1,546 BBLs | 1,105 MCF | Dec 2024 |
| Wild Cobra 1 State | Lea County, NM | 1,528 BBLs | 1,357 MCF | Dec 2024 |
These are the closest 20 companies operating near the Butter Cup 3 property.