Oil & Gas Property in Lea County, NM
Key data points for Gateway 2 State
| County | Lea County, NM |
|---|---|
| Operator | CAZA OPERATING, LLC |
| Production Dates | Nov 2013 - Dec 2024 |
| Total Oil Production | 36,071 BBLs |
| Total Gas Production | 21,411 MCF |
| Recent Oil Production | 311 BBLs in Dec 2024 |
| Recent Gas Production | 222 MCF in Dec 2024 |
| Wells on Property | 2 |
Our Valuation Estimates for Gateway 2 State
ShaleAssessment™
$2,611 *
MarketMultiple™
$33,639 **
* 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 Gateway 2 State property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Alpha State Com | Lea County, NM | 12,745 BBLs | 8,232 MCF | Dec 2024 |
| Belgian Blue 28 21 State Com | Lea County, NM | 58,785 BBLs | 34,095 MCF | Dec 2024 |
| Blue Box Federal Com | Lea County, NM | 8,852 BBLs | 5,900 MCF | Dec 2024 |
| Cable 19 35 | Lea County, NM | 3,057 BBLs | 2,770 MCF | Dec 2024 |
| Eagle State Com | Lea County, NM | 21,241 BBLs | 20,158 MCF | Dec 2024 |
| Elkan | Lea County, NM | 0 BBLs | 0 MCF | Mar 1996 |
| Hibiscus 08 19 35 RN State Com | Lea County, NM | 948 BBLs | 1,277 MCF | Dec 2024 |
| Ironhouse 3 | Lea County, NM | 0 BBLs | 0 MCF | Sep 2024 |
| New Mexico DD State | Lea County, NM | 63 BBLs | 0 MCF | Dec 2024 |
| Norte State Com | Lea County, NM | 5,351 BBLs | 3,726 MCF | Dec 2024 |
| Pearl State | Lea County, NM | 0 BBLs | 0 MCF | Sep 2012 |
| Peoples 3 | Lea County, NM | 0 BBLs | 0 MCF | Oct 2005 |
| Reeves 26 | Lea County, NM | 0 BBLs | 0 MCF | Sep 2024 |
| Scharb | Lea County, NM | 0 BBLs | 0 MCF | Jun 2021 |
| Smith 5 | Lea County, NM | 0 BBLs | 0 MCF | May 1996 |
| South Vacuum | Lea County, NM | 192 BBLs | 4 MCF | Dec 2024 |
| Sprinkle Federal | Lea County, NM | 0 BBLs | 0 MCF | Mar 2007 |
| State | Lea County, NM | 0 BBLs | 0 MCF | Sep 2001 |
| TMBR 1 State | Lea County, NM | 42 BBLs | 0 MCF | Dec 2024 |
| Vacuum State | Lea County, NM | 0 BBLs | 0 MCF | Apr 2007 |
These are the closest 20 companies operating near the Gateway 2 State property.