Picasso Federal

Oil & Gas Property in Lea County, NM

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

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Property Summary

Key data points for Picasso Federal

CountyLea County, NM
OperatorCOG OPERATING LLC
Production DatesFeb 2015 - Sep 2024
Total Oil Production268,240 BBLs
Total Gas Production1,497,639 MCF
Recent Oil Production1,872 BBLs in Sep 2024
Recent Gas Production4,012 MCF in Sep 2024
Wells on Property4

Our Valuation Estimates for Picasso Federal

ShaleAssessment™

$46,461 *

MarketMultiple™

$153,005 **

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

Based on a decimal interest

Picasso Federal Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Picasso Federal
from Feb 2015 to Sep 2024

Wells on Picasso Federal

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
30-025-41514PICASSO FEDERAL COM 001HCOG OPERATING LLCCancelledLea County, NM32.225365-103.468529
30-025-41733PICASSO FEDERAL COM 003HCOG OPERATING LLCNewLea County, NM32.225369-103.477028
30-025-41734PICASSO FEDERAL COM 004HCOG OPERATING LLCNewLea County, NM32.225369-103.480232
30-025-41905PICASSO FEDERAL 002HCOG OPERATING LLCActiveLea County, NM32.225365-103.470696

Leases included in Picasso Federal

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
313737PICASSO FEDERALCOG OPERATING LLCLea County, NM
40252PICASSO FEDERAL COMCOG OPERATING LLCLea County, NM

Nearby Properties

These are the closest 20 properties to the Picasso Federal property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Bell LakeLea County, NM671 BBLs1,608 MCFSep 2024
Brad Lummis ComLea County, NM7,035 BBLs24,053 MCFSep 2024
Brad Lummis Federal ComLea County, NM5,267 BBLs23,627 MCFSep 2024
Carl Mottek FederalLea County, NM7,619 BBLs15,660 MCFSep 2024
FlowmasterLea County, NM9,406 BBLs40,107 MCFSep 2024
Galleon 21 FederalLea County, NM0 BBLs0 MCFAug 2024
Gramma Ridge 14 24 34Lea County, NM5,056 BBLs13,164 MCFSep 2024
Jolly Roger 16 StateLea County, NM0 BBLs0 MCFAug 2024
Juliet Federal ComLea County, NM0 BBLs0 MCFAug 2024
Mandelbaum FeeLea County, NM21,736 BBLs94,424 MCFSep 2024
Pirate StateLea County, NM0 BBLs0 MCFAug 2024
Prodigal Sun 17 24 34Lea County, NM314 BBLs431 MCFSep 2024
Raider FederalLea County, NM0 BBLs0 MCFAug 2024
Romeo Federal ComLea County, NM0 BBLs0 MCFAug 2024
Salvador FeeLea County, NM2,839 BBLs5,305 MCFSep 2024
Sebastian Federal ComLea County, NM11,656 BBLs22,139 MCFSep 2024
The Contest Federal ComLea County, NM13,769 BBLs54,491 MCFSep 2024
Van Gogh FeeLea County, NM2,615 BBLs8,579 MCFSep 2024
Will Kane 15 WLea County, NM5,284 BBLs9,947 MCFSep 2024
Yukon 20 Federal ComLea County, NM0 BBLs0 MCFAug 2024

Companies in the Area

These are the closest 20 companies operating near the Picasso Federal property.

Company Name
Bold Energy, L.P.
Chesapeake Operating, Inc.
Chevron Midcontinent, L.P.
Chevron USA Inc
Cimarex Energy Co
Cimarex Energy Co. Of Colorado
Civitas Permian Operating, LLC
COG Operating LLC
COG Production LLC
Conoco Inc.
Devon Energy Production Company LP
EOG Resources Inc
Kaiser-Francis Oil Company
Marathon Oil Permian LLC
Matador Production Company
Mewbourne Oil Company
Oxy USA Inc
Permian Resources Operating, LLC
Regeneration Energy, Corporation
Strata Production Co