Oil & Gas Property in Lea County, NM
Key data points for Norte State Com
| County | Lea County, NM |
|---|---|
| Operator | FRANKLIN MOUNTAIN ENERGY 3, LLC |
| Production Dates | Oct 2023 - Jul 2024 |
| Total Oil Production | 117,982 BBLs |
| Total Gas Production | 82,175 MCF |
| Recent Oil Production | 7,279 BBLs in Jun 2024 |
| Recent Gas Production | 6,392 MCF in Jun 2024 |
| Wells on Property | 16 |
Our Valuation Estimates for Norte State Com
ShaleAssessment™
Not Available
MarketMultiple™
$1,788,591 **
* 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 Norte State Com property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Alpha State Com | Lea County, NM | 10,166 BBLs | 6,733 MCF | Jul 2024 |
| Belgian Blue 28 21 State Com | Lea County, NM | 42,707 BBLs | 21,907 MCF | Jun 2024 |
| Blue Box Federal Com | Lea County, NM | 8,716 BBLs | 5,024 MCF | Jul 2024 |
| Cable 19 35 | Lea County, NM | 3,401 BBLs | 3,005 MCF | Jul 2024 |
| Eagle State Com | Lea County, NM | 32,808 BBLs | 30,811 MCF | Jul 2024 |
| Foxtail E2 05 32 W1 State Com | Lea County, NM | 10,543 BBLs | 7,553 MCF | Jul 2024 |
| Gateway 2 State | Lea County, NM | 9 BBLs | 55 MCF | Jun 2024 |
| Hibiscus 08 19 35 RN State Com | Lea County, NM | 811 BBLs | 680 MCF | Jun 2024 |
| Ironhouse 3 | Lea County, NM | 307 BBLs | 548 MCF | Jul 2024 |
| Jackson 5 | Lea County, NM | 0 BBLs | 0 MCF | Oct 2018 |
| New Mexico DD State | Lea County, NM | 62 BBLs | 0 MCF | Jun 2024 |
| Pearl State | Lea County, NM | 0 BBLs | 0 MCF | Sep 2012 |
| Peoples 3 | Lea County, NM | 0 BBLs | 0 MCF | Oct 2005 |
| Rambo E2 08 17 State Com | Lea County, NM | 6,838 BBLs | 6,242 MCF | Jul 2024 |
| Reeves 26 | Lea County, NM | 0 BBLs | 0 MCF | May 2024 |
| Scharb | Lea County, NM | 0 BBLs | 0 MCF | Jun 2021 |
| Smith 5 | Lea County, NM | 0 BBLs | 0 MCF | May 1996 |
| South Vacuum | Lea County, NM | 129 BBLs | 96 MCF | Jul 2024 |
| Sprinkle Federal | Lea County, NM | 0 BBLs | 0 MCF | Mar 2007 |
| Vacuum State | Lea County, NM | 0 BBLs | 0 MCF | Apr 2007 |
These are the closest 20 companies operating near the Norte State Com property.