Merchant State Unit

Oil & Gas Property in Lea County, NM

  2. New Mexico
  3. Lea County, NM
  4. Oil & Gas Properties in Lea County, NM
  5. Merchant State Unit Oil & Gas Property

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Property Summary

Key data points for Merchant State Unit

CountyLea County, NM
Production DatesJun 2014 - Sep 2024
Total Oil Production9,212,672 BBLs
Total Gas Production14,943,533 MCF
Recent Oil Production70,715 BBLs in Sep 2024
Recent Gas Production219,608 MCF in Sep 2024
Wells on Property24

Our Valuation Estimates for Merchant State Unit

ShaleAssessment™

$57,650 *

MarketMultiple™

$7,695,159 **

* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue

Based on a decimal interest

Merchant State Unit Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Merchant State Unit
from Jun 2014 to Sep 2024

Wells on Merchant State Unit

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
30-025-29991MERCHANT STATE UNIT 001MATADOR PRODUCTION COMPANYActiveLea County, NM32.434353-103.537872
30-025-43909MERCHANT STATE UNIT 503HMATADOR PRODUCTION COMPANYActiveLea County, NM32.442268-103.544477
30-025-44896MERCHANT STATE UNIT 506HMATADOR PRODUCTION COMPANYNewLea County, NM32.442251-103.535725
30-025-45027MERCHANT STATE UNIT 506YMATADOR PRODUCTION COMPANYActiveLea County, NM32.442250-103.535635
30-025-45084MERCHANT STATE UNIT 601HMATADOR PRODUCTION COMPANYActiveLea County, NM32.442059-103.550699
30-025-45267MERCHANT STATE UNIT 504HMATADOR PRODUCTION COMPANYActiveLea County, NM32.442119-103.538983
30-025-45268MERCHANT STATE UNIT 505HMATADOR PRODUCTION COMPANYActiveLea County, NM32.442120-103.538885
30-025-45447MERCHANT STATE UNIT 512HMATADOR PRODUCTION COMPANYActiveLea County, NM32.442115-103.536406
30-025-45448MERCHANT STATE UNIT 602HMATADOR PRODUCTION COMPANYActiveLea County, NM32.442000-103.548564
30-025-46363MERCHANT STATE UNIT 551HMATADOR PRODUCTION COMPANYActiveLea County, NM32.442001-103.548690
30-025-46662MERCHANT STATE UNIT 554HMATADOR PRODUCTION COMPANYActiveLea County, NM32.442253-103.536849
30-025-46663MERCHANT STATE UNIT 605HMATADOR PRODUCTION COMPANYNewLea County, NM32.442253-103.536956
30-025-46664MERCHANT STATE UNIT 606HMATADOR PRODUCTION COMPANYActiveLea County, NM32.442253-103.556743
30-025-46695MERCHANT STATE UNIT 301HMATADOR PRODUCTION COMPANYActiveLea County, NM32.442001-103.548821
30-025-46696MERCHANT STATE UNIT 501HMATADOR PRODUCTION COMPANYActiveLea County, NM32.442001-103.549079
30-025-46697MERCHANT STATE UNIT 511HMATADOR PRODUCTION COMPANYNewLea County, NM32.441992-103.543655
30-025-46698MERCHANT STATE UNIT 553HMATADOR PRODUCTION COMPANYActiveLea County, NM32.441991-103.543548
30-025-46699MERCHANT STATE UNIT 604HMATADOR PRODUCTION COMPANYNewLea County, NM32.441991-103.543441
30-025-46700MERCHANT STATE UNIT 509HMATADOR PRODUCTION COMPANYActiveLea County, NM32.442001-103.548950
30-025-46701MERCHANT STATE UNIT 302CADVANCE ENERGY PARTNERS HAT MESA, LLCCancelledLea County, NM32.441997-103.546516
30-025-46702MERCHANT STATE UNIT 510HMATADOR PRODUCTION COMPANYActiveLea County, NM32.441996-103.546409
30-025-46703MERCHANT STATE UNIT 552HMATADOR PRODUCTION COMPANYActiveLea County, NM32.441996-103.546302
30-025-46704MERCHANT STATE UNIT 603HMATADOR PRODUCTION COMPANYActiveLea County, NM32.441996-103.546195
30-025-47423MERCHANT STATE UNIT 604YMATADOR PRODUCTION COMPANYActiveLea County, NM32.441991-103.543316

Leases included in Merchant State Unit

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
319603MERCHANT STATE UNITADVANCE ENERGY PARTNERS HAT MESA, LLCLea County, NM
334537MERCHANT STATE UNITMATADOR PRODUCTION COMPANYLea County, NM

Operators Associated With Merchant State Unit

Nearby Properties

These are the closest 20 properties to the Merchant State Unit property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Abe StateLea County, NM3,684 BBLs5,150 MCFSep 2024
BattleLea County, NM9,531 BBLs10,512 MCFSep 2024
Crunch Berry 6 Federal ComLea County, NM0 BBLs0 MCFAug 2024
Date 14 State ComLea County, NM0 BBLs0 MCFAug 2024
DL 4 33 Federal ComLea County, NM17,440 BBLs250,449 MCFSep 2024
DL 9 16 Federal ComLea County, NM16,772 BBLs298,926 MCFSep 2024
Grey Hawk StateLea County, NM2,247 BBLs3,565 MCFSep 2024
Huckleberry State ComLea County, NM6,522 BBLs19,494 MCFSep 2024
Juice Bud State ComLea County, NM0 BBLs0 MCFAug 2024
Loco Dinero 36 State ComLea County, NM42,198 BBLs85,692 MCFSep 2024
Merlin State ComLea County, NM2,579 BBLs3,656 MCFSep 2024
Nervosa 24 State ComLea County, NM0 BBLs0 MCFAug 2024
Pygmy 27 StateLea County, NM1,233 BBLs1,556 MCFSep 2024
Queen Keely State ComLea County, NM231,349 BBLs304,294 MCFSep 2024
RaspberryLea County, NM3,892 BBLs8,145 MCFSep 2024
Tenderloin Federal ComLea County, NM28,118 BBLs42,678 MCFSep 2024
Warbler StateLea County, NM0 BBLs0 MCFAug 2024
West Grama RidgeLea County, NM658 BBLs2,524 MCFSep 2024
Witherspoon 23 StateLea County, NM317 BBLs4,205 MCFSep 2024
Witherspoon 26 23 StateLea County, NM2,245 BBLs7,774 MCFSep 2024

Companies in the Area

These are the closest 20 companies operating near the Merchant State Unit property.

Company Name
Advance Energy Partners Hat Mesa, LLC
Avant Operating, LLC
BC Operating, Inc.
Burlington Resources Oil And Gas Co.
Chesapeake Operating, Inc.
Chevron USA Inc
Cimarex Energy Co
Civitas Permian Operating, LLC
COG Operating LLC
Devon Energy Operating Co., L.P.
Devon Energy Production Company LP
EOG Resources Inc
EOG Y Resources Inc
Marathon Oil Permian LLC
Marshall & Winston, Inc.
Matador Production Company
Mewbourne Oil Company
Oxy USA Inc
Permian Resources Operating, LLC
Raybaw Operating, LLC