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 - Jan 2025 |
| Total Oil Production | 3,884,726 BBLs |
| Total Gas Production | 13,639,278 MCF |
| Recent Oil Production | 11,746 BBLs in Jan 2025 |
| Recent Gas Production | 85,109 MCF in Jan 2025 |
| Wells on Property | 11 |
Our Valuation Estimates for Chincoteague
ShaleAssessment™
$291,592 *
MarketMultiple™
$2,776,763 **
* 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 | 127,306 BBLs | 438,697 MCF | Jan 2025 |
| Chincoteague 8 32 Federal State Com | Lea County, NM | 13,398 BBLs | 491,522 MCF | Jan 2025 |
| Co Grizzly 3 | Lea County, NM | 130,597 BBLs | 455,818 MCF | Jan 2025 |
| Co VIper 4 33 Federal | Lea County, NM | 36,567 BBLs | 175,172 MCF | Jan 2025 |
| Corvo Federal | Lea County, NM | 2,010 BBLs | 3,558 MCF | Jan 2025 |
| Cotton Draw | Lea County, NM | 414,552 BBLs | 3,433,426 MCF | Jan 2025 |
| 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 |
| Monsanto State | Lea County, NM | 0 BBLs | 0 MCF | Aug 2020 |
| Mustang 8 17 Federal | Lea County, NM | 7,382 BBLs | 37,950 MCF | Jan 2025 |
| Mustang 8 29 Federal Com | Lea County, NM | 849 BBLs | 10,549 MCF | Jan 2025 |
| Outrider | Lea County, NM | 238,932 BBLs | 536,044 MCF | Jan 2025 |
| Outrider 27 Federal Com | Lea County, NM | 0 BBLs | 0 MCF | Dec 2024 |
| Outrider 28 Federal Com | Lea County, NM | 239,924 BBLs | 319,045 MCF | Jan 2025 |
| Paduca | Lea County, NM | 0 BBLs | 0 MCF | Sep 2013 |
| Paduca Delaware 16 State | Lea County, NM | 81 BBLs | 0 MCF | Jan 2025 |
| Paint 4 33 Federal Com | Lea County, NM | 94,914 BBLs | 691,125 MCF | Jan 2025 |
| Redhead 31 Federal | Lea County, NM | 413 BBLs | 41 MCF | Jan 2025 |
| Trionyx 6 7 Federal Com | Lea County, NM | 6,364 BBLs | 285,067 MCF | Jan 2025 |
| Trionyx 6 Federal | Lea County, NM | 4,692 BBLs | 28,313 MCF | Jan 2025 |
These are the closest 20 companies operating near the Chincoteague property.