Butter Cup 3

Oil & Gas Property in Lea County, NM

Property Summary

Key data points for Butter Cup 3

CountyLea County, NM
OperatorFRANKLIN MOUNTAIN ENERGY 3, LLC
Production DatesApr 2013 - Sep 2024
Total Oil Production612,826 BBLs
Total Gas Production536,159 MCF
Recent Oil Production2,011 BBLs in Sep 2024
Recent Gas Production2,946 MCF in Sep 2024
Wells on Property5

Our Valuation Estimates for Butter Cup 3

ShaleAssessment

$116,738 *

MarketMultiple

$294,004 **

* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue

Based on a decimal interest

Butter Cup 3 Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Butter Cup 3
from Apr 2013 to Sep 2024

Wells on Butter Cup 3

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
30-025-40634BUTTER CUP 35 STATE COM 001HFranklin Mountain Energy 3, LLCActiveLea County, NM32.698551-103.523109
30-025-40640BUTTER CUP 36 STATE COM 001HFranklin Mountain Energy 3, LLCActiveLea County, NM32.698414-103.523109
30-025-40641BUTTER CUP 36 STATE COM 002HFranklin Mountain Energy 3, LLCActiveLea County, NM32.701439-103.523277
30-025-40642BUTTER CUP 35 STATE COM 002HFranklin Mountain Energy 3, LLCActiveLea County, NM32.701302-103.523277
30-025-42367BUTTER CUP 36 STATE COM 003HFranklin Mountain Energy 3, LLCActiveLea County, NM32.706390-103.523063

Leases included in Butter Cup 3

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
333629BUTTER CUP 35 STATE COMFranklin Mountain Energy 3, LLCLea County, NM
333680BUTTER CUP 36 STATE COMFranklin Mountain Energy 3, LLCLea County, NM

Nearby Properties

These are the closest 20 properties to the Butter Cup 3 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Aircobra 12 StateLea County, NM2,815 BBLs2,267 MCFSep 2024
Airstrip 31Lea County, NM4,110 BBLs3,666 MCFSep 2024
Airstrip 6 State Com 00Lea County, NM1,475 BBLs727 MCFSep 2024
Bobwhite 11 StateLea County, NM0 BBLs0 MCFApr 2018
Caprock 27 StateLea County, NM212 BBLs0 MCFSep 2024
Condor StateLea County, NM969 BBLs2,004 MCFSep 2024
Ekay 2Lea County, NM0 BBLs0 MCFNov 2002
Gold State ComLea County, NM36,564 BBLs53,041 MCFSep 2024
King Cobra 2 StateLea County, NM2,164 BBLs2,111 MCFSep 2024
Kingfisher State ComLea County, NM1,160 BBLs830 MCFSep 2024
Lea Yh StateLea County, NM0 BBLs0 MCFNov 2022
Magpie StateLea County, NM1 BBLs1 MCFSep 2024
Mongoose FeeLea County, NM552 BBLs577 MCFSep 2024
Playa 2 StateLea County, NM1,376 BBLs1,336 MCFSep 2024
Quail Queen UnitLea County, NM58 BBLs0 MCFSep 2024
Raptor West 3 StateLea County, NM1,876 BBLs1,845 MCFSep 2024
StateLea County, NM0 BBLs0 MCFFeb 1998
Tin Cup 36 State ComLea County, NM316 BBLs565 MCFSep 2024
Tres Primos 3 StateLea County, NM1,492 BBLs1,135 MCFSep 2024
Wild Cobra 1 StateLea County, NM1,592 BBLs1,479 MCFSep 2024