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 - Nov 2024 |
| Total Oil Production | 616,703 BBLs |
| Total Gas Production | 541,123 MCF |
| Recent Oil Production | 1,943 BBLs in Nov 2024 |
| Recent Gas Production | 2,376 MCF in Nov 2024 |
| Wells on Property | 5 |
Our Valuation Estimates for Butter Cup 3
ShaleAssessment™
$113,272 *
MarketMultiple™
$288,838 **
* 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 | 3,126 BBLs | 2,492 MCF | Nov 2024 |
| Airstrip 31 | Lea County, NM | 2,574 BBLs | 1,765 MCF | Nov 2024 |
| Airstrip 6 State Com 00 | Lea County, NM | 560 BBLs | 283 MCF | Nov 2024 |
| Bobwhite 11 State | Lea County, NM | 0 BBLs | 0 MCF | Apr 2018 |
| Caprock 27 State | Lea County, NM | 192 BBLs | 45 MCF | Nov 2024 |
| Condor State | Lea County, NM | 1,154 BBLs | 2,458 MCF | Nov 2024 |
| Ekay 2 | Lea County, NM | 0 BBLs | 0 MCF | Nov 2002 |
| Gold State Com | Lea County, NM | 33,969 BBLs | 45,945 MCF | Nov 2024 |
| King Cobra 2 State | Lea County, NM | 2,292 BBLs | 2,226 MCF | Nov 2024 |
| Kingfisher State Com | Lea County, NM | 1,312 BBLs | 411 MCF | Nov 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 | 566 BBLs | 300 MCF | Nov 2024 |
| Playa 2 State | Lea County, NM | 1,021 BBLs | 1,143 MCF | Nov 2024 |
| Raptor West 3 State | Lea County, NM | 1,689 BBLs | 1,840 MCF | Nov 2024 |
| Satellite State Com | Lea County, NM | 168,836 BBLs | 103,839 MCF | Nov 2024 |
| State | Lea County, NM | 0 BBLs | 0 MCF | Feb 1998 |
| Tin Cup 36 State Com | Lea County, NM | 438 BBLs | 569 MCF | Nov 2024 |
| Tres Primos 3 State | Lea County, NM | 1,524 BBLs | 1,097 MCF | Nov 2024 |
| Wild Cobra 1 State | Lea County, NM | 1,487 BBLs | 1,385 MCF | Nov 2024 |
These are the closest 20 companies operating near the Butter Cup 3 property.