Oil & Gas Property in Lea County, NM
Key data points for Martin 11 State
| County | Lea County, NM |
|---|---|
| Operator | CML EXPLORATION, LLC |
| Production Dates | Mar 2013 - Feb 2025 |
| Total Oil Production | 198,410 BBLs |
| Total Gas Production | 380,581 MCF |
| Recent Oil Production | 522 BBLs in Jan 2025 |
| Recent Gas Production | 900 MCF in Jan 2025 |
| Wells on Property | 1 |
Our Valuation Estimates for Martin 11 State
ShaleAssessment™
$28,874 *
MarketMultiple™
$71,103 **
* 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 Martin 11 State property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Abenaki 10 State | Lea County, NM | 451 BBLs | 1,420 MCF | Feb 2025 |
| Aztec State | Lea County, NM | 0 BBLs | 0 MCF | Dec 2013 |
| Barracuda | Lea County, NM | 299 BBLs | 1,078 MCF | Jan 2025 |
| Beams 15 State | Lea County, NM | 441 BBLs | 898 MCF | Feb 2025 |
| Caprock Yeso Area Cya C | Lea County, NM | 2,148 BBLs | 4,759 MCF | Jan 2025 |
| Leamex | Lea County, NM | 1,105 BBLs | 2,282 MCF | Jan 2025 |
| Leamex Battery 2 | Lea County, NM | 0 BBLs | 0 MCF | Aug 2022 |
| Mobil State | Lea County, NM | 96 BBLs | 0 MCF | Jan 2025 |
| Oakmont 11 10 State Com | Lea County, NM | 4,060 BBLs | 4,214 MCF | Jan 2025 |
| Pebble 8 7 State Com | Lea County, NM | 28,496 BBLs | 46,186 MCF | Jan 2025 |
| Petrus D | Lea County, NM | 0 BBLs | 0 MCF | Jan 2016 |
| Phillips | Lea County, NM | 418 BBLs | 82 MCF | Jan 2025 |
| Philmex | Lea County, NM | 539 BBLs | 1,177 MCF | Jan 2025 |
| Raider 9 State | Lea County, NM | 1,434 BBLs | 5,276 MCF | Feb 2025 |
| Sanmal Queen Unit | Lea County, NM | 0 BBLs | 0 MCF | Apr 2021 |
| Shahara State Unit | Lea County, NM | 0 BBLs | 0 MCF | Aug 2023 |
| Shell State | Lea County, NM | 0 BBLs | 0 MCF | Apr 2022 |
| State | Lea County, NM | 7 BBLs | 0 MCF | Feb 2025 |
| State | Lea County, NM | 25 BBLs | 2 MCF | Feb 2025 |
| Valhalla 9 8 State | Lea County, NM | 9,430 BBLs | 10,127 MCF | Jan 2025 |
These are the closest 20 companies operating near the Martin 11 State property.