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 - Sep 2024 |
| Total Oil Production | 612,826 BBLs |
| Total Gas Production | 536,159 MCF |
| Recent Oil Production | 2,011 BBLs in Sep 2024 |
| Recent Gas Production | 2,946 MCF in Sep 2024 |
| Wells on Property | 5 |
Our Valuation Estimates for Butter Cup 3
ShaleAssessment™
$116,738 *
MarketMultiple™
$291,328 **
* 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 | 2,815 BBLs | 2,267 MCF | Oct 2024 |
| Airstrip 31 | Lea County, NM | 4,110 BBLs | 3,666 MCF | Oct 2024 |
| Airstrip 6 State Com 00 | Lea County, NM | 1,475 BBLs | 727 MCF | Oct 2024 |
| Bobwhite 11 State | Lea County, NM | 0 BBLs | 0 MCF | Apr 2018 |
| Caprock 27 State | Lea County, NM | 212 BBLs | 0 MCF | Oct 2024 |
| Condor State | Lea County, NM | 969 BBLs | 2,004 MCF | Oct 2024 |
| Ekay 2 | Lea County, NM | 0 BBLs | 0 MCF | Nov 2002 |
| Gold State Com | Lea County, NM | 36,564 BBLs | 53,041 MCF | Sep 2024 |
| King Cobra 2 State | Lea County, NM | 2,164 BBLs | 2,111 MCF | Oct 2024 |
| Kingfisher State Com | Lea County, NM | 1,160 BBLs | 830 MCF | Oct 2024 |
| Lea Yh State | Lea County, NM | 0 BBLs | 0 MCF | Nov 2022 |
| Magpie State | Lea County, NM | 1 BBLs | 1 MCF | Sep 2024 |
| Mongoose Fee | Lea County, NM | 552 BBLs | 577 MCF | Oct 2024 |
| Playa 2 State | Lea County, NM | 1,376 BBLs | 1,336 MCF | Sep 2024 |
| Raptor West 3 State | Lea County, NM | 1,876 BBLs | 1,845 MCF | Oct 2024 |
| State | Lea County, NM | 0 BBLs | 0 MCF | Feb 1998 |
| Teapot | Lea County, NM | 663 BBLs | 1,644 MCF | Sep 2024 |
| Tin Cup 36 State Com | Lea County, NM | 316 BBLs | 565 MCF | Sep 2024 |
| Tres Primos 3 State | Lea County, NM | 1,492 BBLs | 1,135 MCF | Oct 2024 |
| Wild Cobra 1 State | Lea County, NM | 1,592 BBLs | 1,479 MCF | Oct 2024 |
These are the closest 20 companies operating near the Butter Cup 3 property.