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 - Dec 2024 |
| Total Oil Production | 3,872,980 BBLs |
| Total Gas Production | 13,554,169 MCF |
| Recent Oil Production | 16,146 BBLs in Nov 2024 |
| Recent Gas Production | 96,474 MCF in Nov 2024 |
| Wells on Property | 11 |
Our Valuation Estimates for Chincoteague
ShaleAssessment™
$295,287 *
MarketMultiple™
$2,815,358 **
* 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 | 143,707 BBLs | 484,819 MCF | Dec 2024 |
| Chincoteague 8 32 Federal State Com | Lea County, NM | 13,045 BBLs | 451,411 MCF | Dec 2024 |
| Co Grizzly 3 | Lea County, NM | 158,578 BBLs | 340,691 MCF | Nov 2024 |
| Co VIper 4 33 Federal | Lea County, NM | 40,973 BBLs | 105,862 MCF | Nov 2024 |
| Corvo Federal | Lea County, NM | 2,052 BBLs | 3,032 MCF | Dec 2024 |
| Cotton Draw | Lea County, NM | 601,640 BBLs | 3,964,018 MCF | Dec 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 | 2,553 BBLs | 8,661 MCF | Dec 2024 |
| Mustang 8 17 Federal | Lea County, NM | 9,663 BBLs | 58,059 MCF | Dec 2024 |
| Mustang 8 29 Federal Com | Lea County, NM | 1,452 BBLs | 16,910 MCF | Dec 2024 |
| Outrider | Lea County, NM | 300,060 BBLs | 690,597 MCF | Dec 2024 |
| Outrider 28 Federal Com | Lea County, NM | 241,388 BBLs | 348,672 MCF | Dec 2024 |
| Paduca | Lea County, NM | 0 BBLs | 0 MCF | Sep 2013 |
| Paduca Delaware 16 State | Lea County, NM | 105 BBLs | 0 MCF | Nov 2024 |
| Paint 33 Federal | Lea County, NM | 2,486 BBLs | 1,806 MCF | Dec 2024 |
| Paint 4 33 Federal Com | Lea County, NM | 118,827 BBLs | 793,115 MCF | Dec 2024 |
| Redhead 31 Federal | Lea County, NM | 652 BBLs | 59 MCF | Dec 2024 |
| Trionyx 6 7 Federal Com | Lea County, NM | 6,411 BBLs | 298,879 MCF | Dec 2024 |
| Trionyx 6 Federal | Lea County, NM | 5,737 BBLs | 34,152 MCF | Dec 2024 |
These are the closest 20 companies operating near the Chincoteague property.