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 - Oct 2024 |
| Total Oil Production | 634,105 BBLs |
| Total Gas Production | 1,146,411 MCF |
| Recent Oil Production | 7,112 BBLs in Oct 2024 |
| Recent Gas Production | 16,765 MCF in Oct 2024 |
| Wells on Property | 2 |
Our Valuation Estimates for Merit Federal
ShaleAssessment™
Not Available
MarketMultiple™
$1,064,462 **
* 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 | 8,365 BBLs | 13,769 MCF | Oct 2024 |
| Bidder 49 Federal Com | Lea County, NM | 10,770 BBLs | 34,717 MCF | Oct 2024 |
| Blue Ribbon Federal Com | Lea County, NM | 9,357 BBLs | 13,785 MCF | Oct 2024 |
| Carnival Federal Com | Lea County, NM | 71,066 BBLs | 348,490 MCF | Oct 2024 |
| Carnival State Com | Lea County, NM | 23,933 BBLs | 114,743 MCF | Oct 2024 |
| Clincher Federal Com | Lea County, NM | 13,838 BBLs | 25,664 MCF | Oct 2024 |
| County Fair Federal Com | Lea County, NM | 13,665 BBLs | 28,573 MCF | Oct 2024 |
| El Paso Federal Com | Lea County, NM | 17,623 BBLs | 52,365 MCF | Oct 2024 |
| FMM Federal Com | Lea County, NM | 73,357 BBLs | 227,498 MCF | Oct 2024 |
| Green Light Federal Com | Lea County, NM | 96,442 BBLs | 357,166 MCF | Oct 2024 |
| KC7 Federal Com | Lea County, NM | 11,549 BBLs | 41,380 MCF | Oct 2024 |
| Mission Federal Com | Lea County, NM | 10,562 BBLs | 26,169 MCF | Oct 2024 |
| Par Three 25 36 06 Federal Com | Lea County, NM | 44,492 BBLs | 122,924 MCF | Oct 2024 |
| Parade Bwy State | Lea County, NM | 316 BBLs | 54 MCF | Oct 2024 |
| Parade State Com | Lea County, NM | 11,507 BBLs | 18,939 MCF | Oct 2024 |
| Pine Straw 25 36 05 Federal Com | Lea County, NM | 30,987 BBLs | 103,018 MCF | Oct 2024 |
| Seinfeld Yada Federal Unit | Lea County, NM | 72,804 BBLs | 120,470 MCF | Oct 2024 |
| Uncle Richard State Com | Lea County, NM | 3,464 BBLs | 16,833 MCF | Oct 2024 |
| Vested Federal Com | Lea County, NM | 9,135 BBLs | 25,177 MCF | Oct 2024 |
| Western Federal Com | Lea County, NM | 13,710 BBLs | 28,914 MCF | Oct 2024 |
These are the closest 20 companies operating near the Merit Federal property.