Oil & Gas Property in Lea County, NM
Key data points for Merit Federal
| County | Lea County, NM |
|---|---|
| Operator | FRANKLIN MOUNTAIN ENERGY LLC |
| Production Dates | Mar 2022 - Sep 2024 |
| Total Oil Production | 626,993 BBLs |
| Total Gas Production | 1,129,757 MCF |
| Recent Oil Production | 7,149 BBLs in Sep 2024 |
| Recent Gas Production | 15,435 MCF in Sep 2024 |
| Wells on Property | 2 |
Our Valuation Estimates for Merit Federal
ShaleAssessment™
Not Available
MarketMultiple™
$1,097,636 **
* 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 Merit Federal property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Beauty Queen Federal Com | Lea County, NM | 8,279 BBLs | 12,204 MCF | Sep 2024 |
| Bidder 49 Federal Com | Lea County, NM | 10,107 BBLs | 27,587 MCF | Sep 2024 |
| Blue Ribbon Federal Com | Lea County, NM | 9,281 BBLs | 11,677 MCF | Sep 2024 |
| Carnival Federal Com | Lea County, NM | 76,431 BBLs | 339,333 MCF | Sep 2024 |
| Carnival State Com | Lea County, NM | 27,014 BBLs | 107,975 MCF | Sep 2024 |
| Clincher Federal Com | Lea County, NM | 13,720 BBLs | 23,725 MCF | Sep 2024 |
| County Fair Federal Com | Lea County, NM | 13,357 BBLs | 25,176 MCF | Sep 2024 |
| El Paso Federal Com | Lea County, NM | 16,347 BBLs | 47,625 MCF | Sep 2024 |
| FMM Federal Com | Lea County, NM | 82,477 BBLs | 226,868 MCF | Sep 2024 |
| Green Light Federal Com | Lea County, NM | 104,568 BBLs | 374,338 MCF | Sep 2024 |
| KC7 Federal Com | Lea County, NM | 10,729 BBLs | 40,143 MCF | Sep 2024 |
| Mission Federal Com | Lea County, NM | 10,639 BBLs | 23,622 MCF | Sep 2024 |
| Par Three 25 36 06 Federal Com | Lea County, NM | 0 BBLs | 0 MCF | Oct 2024 |
| Parade State Com | Lea County, NM | 11,439 BBLs | 15,358 MCF | Sep 2024 |
| Pine Straw 25 36 05 Federal Com | Lea County, NM | 0 BBLs | 0 MCF | Oct 2024 |
| Seinfeld MH Federal Unit | Lea County, NM | 119,895 BBLs | 307,350 MCF | Oct 2024 |
| Seinfeld Yada Federal Unit | Lea County, NM | 70,049 BBLs | 113,626 MCF | Oct 2024 |
| Uncle Richard State Com | Lea County, NM | 5,567 BBLs | 3,089 MCF | Oct 2024 |
| Vested Federal Com | Lea County, NM | 8,958 BBLs | 23,280 MCF | Sep 2024 |
| Western Federal Com | Lea County, NM | 15,051 BBLs | 32,158 MCF | Sep 2024 |
These are the closest 20 companies operating near the Merit Federal property.