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 | 621,511 BBLs |
| Total Gas Production | 546,080 MCF |
| Recent Oil Production | 1,434 BBLs in Jan 2025 |
| Recent Gas Production | 1,367 MCF in Jan 2025 |
| Wells on Property | 5 |
Our Valuation Estimates for Butter Cup 3
ShaleAssessment™
$108,769 *
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 | 3,428 BBLs | 1,337 MCF | Jan 2025 |
| Airstrip 31 | Lea County, NM | 7,097 BBLs | 3,683 MCF | Jan 2025 |
| Airstrip 6 State Com 00 | Lea County, NM | 1,698 BBLs | 802 MCF | Jan 2025 |
| Bobwhite 11 State | Lea County, NM | 0 BBLs | 0 MCF | Apr 2018 |
| Caprock 27 State | Lea County, NM | 152 BBLs | 41 MCF | Jan 2025 |
| Condor State | Lea County, NM | 1,012 BBLs | 2,443 MCF | Jan 2025 |
| Ekay 2 | Lea County, NM | 0 BBLs | 0 MCF | Nov 2002 |
| Gold State Com | Lea County, NM | 19,178 BBLs | 25,069 MCF | Feb 2025 |
| King Cobra 2 State | Lea County, NM | 1,982 BBLs | 1,890 MCF | Jan 2025 |
| Kingfisher State Com | Lea County, NM | 635 BBLs | 104 MCF | Jan 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 | 669 BBLs | 478 MCF | Jan 2025 |
| Playa 2 State | Lea County, NM | 1,090 BBLs | 1,971 MCF | Feb 2025 |
| Raptor West 3 State | Lea County, NM | 1,578 BBLs | 1,441 MCF | Jan 2025 |
| Satellite State Com | Lea County, NM | 277,591 BBLs | 183,723 MCF | Feb 2025 |
| State | Lea County, NM | 0 BBLs | 0 MCF | Feb 1998 |
| Tin Cup 36 State Com | Lea County, NM | 320 BBLs | 1,185 MCF | Feb 2025 |
| Tres Primos 3 State | Lea County, NM | 1,530 BBLs | 979 MCF | Jan 2025 |
| Wild Cobra 1 State | Lea County, NM | 1,541 BBLs | 1,295 MCF | Jan 2025 |
These are the closest 20 companies operating near the Butter Cup 3 property.