Oil & Gas Property in Lea County, NM
Key data points for Chincoteague
| County | Lea County, NM |
|---|---|
| Operator | DEVON ENERGY PRODUCTION COMPANY LP |
| Production Dates | Dec 2016 - Sep 2024 |
| Total Oil Production | 3,820,617 BBLs |
| Total Gas Production | 13,253,347 MCF |
| Recent Oil Production | 19,658 BBLs in Sep 2024 |
| Recent Gas Production | 106,870 MCF in Sep 2024 |
| Wells on Property | 11 |
Our Valuation Estimates for Chincoteague
ShaleAssessment™
$312,489 *
MarketMultiple™
$2,923,341 **
* 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 Chincoteague property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Azores Federal | Lea County, NM | 184,840 BBLs | 590,317 MCF | Sep 2024 |
| Chincoteague 8 32 Federal State Com | Lea County, NM | 14,147 BBLs | 471,022 MCF | Sep 2024 |
| Co Grizzly 3 | Lea County, NM | 183,041 BBLs | 434,550 MCF | Sep 2024 |
| Co VIper 4 33 Federal | Lea County, NM | 38,135 BBLs | 135,432 MCF | Sep 2024 |
| Corvo Federal | Lea County, NM | 2,277 BBLs | 3,218 MCF | Sep 2024 |
| Cotton Draw | Lea County, NM | 399,504 BBLs | 2,924,845 MCF | Sep 2024 |
| Cotton Draw 32 State Federal Com | Lea County, NM | 0 BBLs | 0 MCF | Jul 2023 |
| E F Ray B NCT-1 | Lea County, NM | 0 BBLs | 0 MCF | Aug 1998 |
| Lippizzan 4 Federal | Lea County, NM | 1,710 BBLs | 4,834 MCF | Sep 2024 |
| Mustang 8 17 Federal | Lea County, NM | 10,806 BBLs | 59,367 MCF | Sep 2024 |
| Mustang 8 29 Federal Com | Lea County, NM | 863 BBLs | 14,481 MCF | Sep 2024 |
| Outrider | Lea County, NM | 109,297 BBLs | 360,474 MCF | Sep 2024 |
| Outrider 28 Federal Com | Lea County, NM | 93,224 BBLs | 297,547 MCF | Sep 2024 |
| Paduca | Lea County, NM | 0 BBLs | 0 MCF | Sep 2013 |
| Paduca Delaware 16 State | Lea County, NM | 0 BBLs | 0 MCF | Aug 2024 |
| Paint 33 Federal | Lea County, NM | 2,702 BBLs | 4,029 MCF | Sep 2024 |
| Paint 4 33 Federal Com | Lea County, NM | 106,857 BBLs | 657,107 MCF | Sep 2024 |
| Redhead 31 Federal | Lea County, NM | 623 BBLs | 59 MCF | Sep 2024 |
| Trionyx 6 7 Federal Com | Lea County, NM | 7,601 BBLs | 345,009 MCF | Sep 2024 |
| Trionyx 6 Federal | Lea County, NM | 2,891 BBLs | 20,164 MCF | Sep 2024 |
These are the closest 20 companies operating near the Chincoteague property.