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 - Feb 2025 |
| Total Oil Production | 156,373 BBLs |
| Total Gas Production | 110,448 MCF |
| Recent Oil Production | 5,110 BBLs in Jan 2025 |
| Recent Gas Production | 3,443 MCF in Jan 2025 |
| Wells on Property | 16 |
Our Valuation Estimates for Norte State Com
ShaleAssessment™
Not Available
MarketMultiple™
$896,308 **
* 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 | 43,694 BBLs | 24,224 MCF | Feb 2025 |
| Belgian Blue 28 21 State Com | Lea County, NM | 54,513 BBLs | 33,884 MCF | Jan 2025 |
| Blue Box Federal Com | Lea County, NM | 8,362 BBLs | 4,860 MCF | Feb 2025 |
| Cable 19 35 | Lea County, NM | 2,290 BBLs | 2,413 MCF | Feb 2025 |
| Eagle State Com | Lea County, NM | 15,300 BBLs | 17,312 MCF | Feb 2025 |
| Elkan | Lea County, NM | 0 BBLs | 0 MCF | Mar 1996 |
| Gateway 2 State | Lea County, NM | 0 BBLs | 0 MCF | Dec 2024 |
| Hibiscus 08 19 35 RN State Com | Lea County, NM | 1,022 BBLs | 1,493 MCF | Jan 2025 |
| Ironhouse 3 | Lea County, NM | 0 BBLs | 0 MCF | Sep 2024 |
| Jackson 5 | Lea County, NM | 0 BBLs | 0 MCF | Oct 2018 |
| New Mexico DD State | Lea County, NM | 67 BBLs | 0 MCF | Jan 2025 |
| 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 | 4,425 BBLs | 3,209 MCF | Feb 2025 |
| Reeves 26 | Lea County, NM | 0 BBLs | 0 MCF | Sep 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 | 166 BBLs | 3 MCF | Feb 2025 |
| 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.