Panama 1

Oil & Gas Property in Lea County, NM

  2. New Mexico
  3. Lea County, NM
  4. Oil & Gas Properties in Lea County, NM
  5. Panama 1 Oil & Gas Property

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Property Summary

Key data points for Panama 1

CountyLea County, NM
Production DatesApr 2001 - Nov 2024
Total Oil Production156,495 BBLs
Total Gas Production376,391 MCF
Recent Oil Production107 BBLs in Nov 2024
Recent Gas Production0 MCF in Nov 2024
Wells on Property7

Our Valuation Estimates for Panama 1

ShaleAssessment™

$12,229 *

MarketMultiple™

$7,684 **

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

Based on a decimal interest

Panama 1 Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Panama 1
from Apr 2001 to Nov 2024

Wells on Panama 1

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
30-025-35191PANAMA 13 FEDERAL 001NEARBURG PRODUCING COCancelledLea County, NM32.653815-103.611398
30-025-35192PANAMA 13 FEDERAL 002Earthstone Operating, LLCPluggedLea County, NM32.657444-103.611374
30-025-36846PANAMA 14 FEDERAL 001NEARBURG PRODUCING COCancelledLea County, NM32.655658-103.627419
30-025-36847PANAMA 14 FEDERAL 002NEARBURG PRODUCING COCancelledLea County, NM32.661091-103.627399
30-025-36850PANAMA 13 FEDERAL 001PEarthstone Operating, LLCTemporary AbandonmentLea County, NM32.655632-103.611374
30-025-36851PANAMA 13 FEDERAL 003Earthstone Operating, LLCActiveLea County, NM32.655636-103.614594
30-025-36874PANAMA 13 FEDERAL 004Earthstone Operating, LLCActiveLea County, NM32.655655-103.622726

Leases included in Panama 1

Lease #Lease NameOperatorCountyMonthly Oil Prod.
26700PANAMA 13 FEDERALNEARBURG PRODUCING COLea County, NM
332612PANAMA 13 FEDERALEarthstone Operating, LLCLea County, NM
34259PANAMA 14 FEDERALNEARBURG PRODUCING COLea County, NM

Operators Associated With Panama 1

Nearby Properties

These are the closest 20 properties to the Panama 1 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Bison 12 FederalLea County, NM0 BBLs7,750 MCFNov 2024
Buffalo 12 1 FederalLea County, NM11,455 BBLs32,938 MCFNov 2024
Federal USA LLea County, NM0 BBLs0 MCFJul 2021
GantrypersonLea County, NM0 BBLs0 MCFJan 2022
La Rica FederalLea County, NM0 BBLs0 MCFMar 2023
Laguna Deep Federal UnitLea County, NM162 BBLs271 MCFDec 2024
Lone Ranger 1Lea County, NM0 BBLs0 MCFOct 2022
Malachite 22 FederalLea County, NM205 BBLs1,835 MCFDec 2024
MescaleroLea County, NM159 BBLs2,530 MCFDec 2024
Mescalero 7 6Lea County, NM24,153 BBLs62,192 MCFNov 2024
Mescalero Ridge 21 Federal 001HLea County, NM4,348 BBLs2,194 MCFDec 2024
Pennzoil FederalLea County, NM88 BBLs0 MCFNov 2024
Pipeline DeepLea County, NM1,047 BBLs11,959 MCFDec 2024
Sagebrush 24 FederalLea County, NM0 BBLs0 MCFApr 2022
Sapphire FedLea County, NM274 BBLs803 MCFDec 2024
Scout 1Lea County, NM0 BBLs0 MCFAug 2017
SmithLea County, NM263 BBLs1,839 MCFDec 2024
Stetson 13 2Lea County, NM16,066 BBLs41,260 MCFNov 2024
Texaco FederalLea County, NM130 BBLs130 MCFDec 2024
Wynell FederalLea County, NM0 BBLs780 MCFDec 2024

Companies in the Area

These are the closest 20 companies operating near the Panama 1 property.

Company Name
Avant Operating, LLC
Chesapeake Operating, Inc.
Cimarex Energy Co
Cimarex Energy Co. Of Colorado
COG Operating LLC
Concho Resources Inc.
Devon Energy Operating Co., L.P.
Earthstone Operating, LLC
Legacy Reserves Operating LP
Manzano Oil Corporation
Matador Operating Company
Matador Production Company
Nearburg Producing Company
Oxy USA Inc
Raybaw Operating, LLC
Shackelford Oil Co
Spur Energy Partners LLC
Texaco Expl. And Prod. Inc.
Tom Brown Inc
Union Oil Co Of California