Oil & Gas Property in Lea County, NM
Key data points for Merchant Gap
| County | Lea County, NM |
|---|---|
| Operator | PERMIAN RESOURCES OPERATING, LLC |
| Production Dates | Apr 2014 - Nov 2024 |
| Total Oil Production | 264,287 BBLs |
| Total Gas Production | 438,209 MCF |
| Recent Oil Production | 523 BBLs in Nov 2024 |
| Recent Gas Production | 2,481 MCF in Nov 2024 |
| Wells on Property | 2 |
Our Valuation Estimates for Merchant Gap
ShaleAssessment™
$48,307 *
MarketMultiple™
$122,047 **
* 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 Merchant Gap property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Antelope 8006 JVP | Lea County, NM | 0 BBLs | 0 MCF | Feb 2021 |
| Duck Hunt 1 | Lea County, NM | 19,257 BBLs | 66,414 MCF | Nov 2024 |
| Godfather 36 State Com | Lea County, NM | 1,625 BBLs | 15,359 MCF | Nov 2024 |
| Golden Tee 31 Federal Com | Lea County, NM | 74,991 BBLs | 306,756 MCF | Nov 2024 |
| Maddox Federal | Lea County, NM | 0 BBLs | 0 MCF | Jun 2022 |
| Maxus | Lea County, NM | 0 BBLs | 0 MCF | Dec 2022 |
| Maxus 8026 Federal | Lea County, NM | 44,129 BBLs | 116,058 MCF | Nov 2024 |
| Merchant Livestock | Lea County, NM | 3,865 BBLs | 10,145 MCF | Nov 2024 |
| Mortal Kombat 36 State Com | Lea County, NM | 1,038 BBLs | 4,116 MCF | Nov 2024 |
| North Ridge 8040 Federal Com | Lea County, NM | 22,491 BBLs | 71,977 MCF | Nov 2024 |
| Ojo Chiso | Lea County, NM | 58 BBLs | 1,771 MCF | Nov 2024 |
| Pac-Man 36 Federal Com | Lea County, NM | 33,506 BBLs | 212,981 MCF | Nov 2024 |
| Perro Loco 22 B | Lea County, NM | 1,097 BBLs | 2,162 MCF | Nov 2024 |
| Perro Loco 27 22 B | Lea County, NM | 14,729 BBLs | 21,783 MCF | Nov 2024 |
| Perro Loco 27 B | Lea County, NM | 20,366 BBLs | 31,576 MCF | Nov 2024 |
| Pryor State Com | Lea County, NM | 0 BBLs | 0 MCF | Aug 2023 |
| Ring Neck 8817 26 Federal | Lea County, NM | 40,754 BBLs | 52,305 MCF | Nov 2024 |
| South Ridge 8030 2 11 State | Lea County, NM | 25,224 BBLs | 63,040 MCF | Nov 2024 |
| Squints Federal Com | Lea County, NM | 10,419 BBLs | 23,739 MCF | Nov 2024 |
| Winnebago 30 State Com | Lea County, NM | 42,317 BBLs | 168,210 MCF | Nov 2024 |
These are the closest 20 companies operating near the Merchant Gap property.