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 - Dec 2024 |
| Total Oil Production | 265,142 BBLs |
| Total Gas Production | 439,242 MCF |
| Recent Oil Production | 855 BBLs in Dec 2024 |
| Recent Gas Production | 2,814 MCF in Dec 2024 |
| Wells on Property | 2 |
Our Valuation Estimates for Merchant Gap
ShaleAssessment™
$47,592 *
MarketMultiple™
$113,921 **
* 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 | 20,559 BBLs | 70,518 MCF | Dec 2024 |
| Godfather 36 State Com | Lea County, NM | 1,826 BBLs | 15,291 MCF | Dec 2024 |
| Golden Tee 31 Federal Com | Lea County, NM | 73,736 BBLs | 310,646 MCF | Dec 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 | 47,917 BBLs | 131,448 MCF | Jan 2025 |
| Merchant Livestock | Lea County, NM | 3,760 BBLs | 9,229 MCF | Dec 2024 |
| Mortal Kombat 36 State Com | Lea County, NM | 1,045 BBLs | 4,134 MCF | Dec 2024 |
| North Ridge 8040 Federal Com | Lea County, NM | 21,978 BBLs | 69,149 MCF | Jan 2025 |
| Ojo Chiso | Lea County, NM | 71 BBLs | 1,767 MCF | Jan 2025 |
| Pac-Man 36 Federal Com | Lea County, NM | 32,641 BBLs | 225,164 MCF | Dec 2024 |
| Perro Loco 22 B | Lea County, NM | 2,400 BBLs | 4,019 MCF | Dec 2024 |
| Perro Loco 27 22 B | Lea County, NM | 12,907 BBLs | 21,865 MCF | Dec 2024 |
| Perro Loco 27 B | Lea County, NM | 15,403 BBLs | 26,165 MCF | Dec 2024 |
| Pryor State Com | Lea County, NM | 0 BBLs | 0 MCF | Aug 2023 |
| Ring Neck 8817 26 Federal | Lea County, NM | 122,798 BBLs | 161,763 MCF | Jan 2025 |
| South Ridge 8030 2 11 State | Lea County, NM | 25,741 BBLs | 62,999 MCF | Jan 2025 |
| Squints Federal Com | Lea County, NM | 10,732 BBLs | 26,070 MCF | Dec 2024 |
| Winnebago 30 State Com | Lea County, NM | 48,827 BBLs | 198,007 MCF | Dec 2024 |
These are the closest 20 companies operating near the Merchant Gap property.