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 - Jan 2025 |
| Total Oil Production | 265,978 BBLs |
| Total Gas Production | 441,834 MCF |
| Recent Oil Production | 836 BBLs in Jan 2025 |
| Recent Gas Production | 2,592 MCF in Jan 2025 |
| Wells on Property | 2 |
Our Valuation Estimates for Merchant Gap
ShaleAssessment™
$47,047 *
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 | 19,091 BBLs | 70,484 MCF | Jan 2025 |
| Godfather 36 State Com | Lea County, NM | 1,813 BBLs | 17,113 MCF | Jan 2025 |
| Golden Tee 31 Federal Com | Lea County, NM | 69,046 BBLs | 292,457 MCF | Jan 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 | 45,573 BBLs | 129,221 MCF | Jan 2025 |
| Merchant Livestock | Lea County, NM | 3,414 BBLs | 9,010 MCF | Jan 2025 |
| Mortal Kombat 36 State Com | Lea County, NM | 953 BBLs | 3,660 MCF | Jan 2025 |
| North Ridge 8040 Federal Com | Lea County, NM | 21,159 BBLs | 65,199 MCF | Jan 2025 |
| Ojo Chiso | Lea County, NM | 77 BBLs | 1,595 MCF | Jan 2025 |
| Pac-Man 36 Federal Com | Lea County, NM | 29,900 BBLs | 219,995 MCF | Jan 2025 |
| Perro Loco 22 B | Lea County, NM | 1,966 BBLs | 2,525 MCF | Jan 2025 |
| Perro Loco 27 22 B | Lea County, NM | 9,286 BBLs | 18,353 MCF | Jan 2025 |
| Perro Loco 27 B | Lea County, NM | 15,469 BBLs | 24,490 MCF | Jan 2025 |
| Pryor State Com | Lea County, NM | 0 BBLs | 0 MCF | Aug 2023 |
| Ring Neck 8817 26 Federal | Lea County, NM | 89,225 BBLs | 121,493 MCF | Jan 2025 |
| South Ridge 8030 2 11 State | Lea County, NM | 24,818 BBLs | 60,266 MCF | Jan 2025 |
| Squints Federal Com | Lea County, NM | 10,859 BBLs | 28,478 MCF | Jan 2025 |
| Winnebago 30 State Com | Lea County, NM | 46,767 BBLs | 203,914 MCF | Jan 2025 |
These are the closest 20 companies operating near the Merchant Gap property.