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 - Feb 2025 |
| Total Oil Production | 266,771 BBLs |
| Total Gas Production | 444,620 MCF |
| Recent Oil Production | 793 BBLs in Feb 2025 |
| Recent Gas Production | 2,786 MCF in Feb 2025 |
| Wells on Property | 2 |
Our Valuation Estimates for Merchant Gap
ShaleAssessment™
$46,497 *
MarketMultiple™
$111,790 **
* 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 | 18,832 BBLs | 71,007 MCF | Feb 2025 |
| Godfather 36 State Com | Lea County, NM | 1,778 BBLs | 16,120 MCF | Feb 2025 |
| Golden Tee 31 Federal Com | Lea County, NM | 58,806 BBLs | 260,555 MCF | Feb 2025 |
| 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 | 39,849 BBLs | 114,756 MCF | Feb 2025 |
| Merchant Livestock | Lea County, NM | 3,543 BBLs | 9,613 MCF | Feb 2025 |
| Mortal Kombat 36 State Com | Lea County, NM | 948 BBLs | 3,617 MCF | Feb 2025 |
| North Ridge 8040 Federal Com | Lea County, NM | 18,180 BBLs | 55,350 MCF | Feb 2025 |
| Ojo Chiso | Lea County, NM | 83 BBLs | 1,206 MCF | Feb 2025 |
| Pac-Man 36 Federal Com | Lea County, NM | 25,716 BBLs | 186,738 MCF | Feb 2025 |
| Perro Loco 22 B | Lea County, NM | 2,040 BBLs | 4,270 MCF | Feb 2025 |
| Perro Loco 27 22 B | Lea County, NM | 8,467 BBLs | 21,459 MCF | Feb 2025 |
| Perro Loco 27 B | Lea County, NM | 11,725 BBLs | 15,007 MCF | Feb 2025 |
| Pryor State Com | Lea County, NM | 0 BBLs | 0 MCF | Aug 2023 |
| Ring Neck 8817 26 Federal | Lea County, NM | 64,703 BBLs | 96,562 MCF | Feb 2025 |
| South Ridge 8030 2 11 State | Lea County, NM | 21,780 BBLs | 52,188 MCF | Feb 2025 |
| Squints Federal Com | Lea County, NM | 8,021 BBLs | 23,904 MCF | Feb 2025 |
| Winnebago 30 State Com | Lea County, NM | 38,970 BBLs | 184,652 MCF | Feb 2025 |
These are the closest 20 companies operating near the Merchant Gap property.