Oil & Gas Property in Lea County, NM
Key data points for Picasso Federal
| County | Lea County, NM |
|---|---|
| Operator | COG OPERATING LLC |
| Production Dates | Feb 2015 - Nov 2024 |
| Total Oil Production | 271,267 BBLs |
| Total Gas Production | 1,506,037 MCF |
| Recent Oil Production | 1,475 BBLs in Nov 2024 |
| Recent Gas Production | 3,906 MCF in Nov 2024 |
| Wells on Property | 4 |
Our Valuation Estimates for Picasso Federal
ShaleAssessment™
$44,977 *
MarketMultiple™
$175,532 **
* 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 Picasso Federal property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Brad Lummis Com | Lea County, NM | 6,631 BBLs | 26,095 MCF | Nov 2024 |
| Brad Lummis Federal Com | Lea County, NM | 5,415 BBLs | 23,278 MCF | Nov 2024 |
| Carl Mottek Federal | Lea County, NM | 5,648 BBLs | 15,632 MCF | Nov 2024 |
| Flowmaster | Lea County, NM | 9,647 BBLs | 32,604 MCF | Nov 2024 |
| Galleon 21 Federal | Lea County, NM | 46,810 BBLs | 256,875 MCF | Nov 2024 |
| Gramma Ridge 14 24 34 | Lea County, NM | 4,695 BBLs | 10,821 MCF | Nov 2024 |
| Jolly Roger 16 State | Lea County, NM | 10,645 BBLs | 37,241 MCF | Nov 2024 |
| Juliet Federal Com | Lea County, NM | 22,722 BBLs | 118,639 MCF | Nov 2024 |
| Madera 17 Federal | Lea County, NM | 964 BBLs | 1,373 MCF | Nov 2024 |
| Mandelbaum Fee | Lea County, NM | 21,880 BBLs | 98,828 MCF | Nov 2024 |
| Pirate State | Lea County, NM | 4,555 BBLs | 42,833 MCF | Nov 2024 |
| Prodigal Sun 17 24 34 | Lea County, NM | 555 BBLs | 638 MCF | Nov 2024 |
| Raider Federal | Lea County, NM | 29,878 BBLs | 169,700 MCF | Nov 2024 |
| Romeo Federal Com | Lea County, NM | 6,297 BBLs | 16,834 MCF | Nov 2024 |
| Salvador Fee | Lea County, NM | 1,767 BBLs | 3,687 MCF | Nov 2024 |
| Sebastian Federal Com | Lea County, NM | 9,911 BBLs | 19,311 MCF | Nov 2024 |
| The Contest Federal Com | Lea County, NM | 6,761 BBLs | 30,516 MCF | Nov 2024 |
| Van Gogh Fee | Lea County, NM | 2,552 BBLs | 10,253 MCF | Nov 2024 |
| Will Kane 15 W | Lea County, NM | 4,686 BBLs | 8,614 MCF | Nov 2024 |
| Yukon 20 Federal Com | Lea County, NM | 239,089 BBLs | 903,577 MCF | Nov 2024 |
These are the closest 20 companies operating near the Picasso Federal property.