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 - Jan 2025
Total Oil Production273,306 BBLs
Total Gas Production1,510,509 MCF
Recent Oil Production1,038 BBLs in Dec 2024
Recent Gas Production2,358 MCF in Dec 2024
Wells on Property4

Our Valuation Estimates for Picasso Federal

ShaleAssessment™

$43,679 *

MarketMultiple™

$172,605 **

* 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 Jan 2025

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
Brad Lummis ComLea County, NM7,030 BBLs28,122 MCFDec 2024
Brad Lummis Federal ComLea County, NM6,149 BBLs25,534 MCFDec 2024
Carl Mottek FederalLea County, NM7,328 BBLs17,105 MCFDec 2024
FlowmasterLea County, NM8,925 BBLs30,780 MCFDec 2024
Galleon 21 FederalLea County, NM44,881 BBLs242,769 MCFJan 2025
Gramma Ridge 14 24 34Lea County, NM7,266 BBLs26,466 MCFJan 2025
Jolly Roger 16 StateLea County, NM11,024 BBLs37,626 MCFJan 2025
Juliet Federal ComLea County, NM22,476 BBLs116,130 MCFDec 2024
Madera 17 FederalLea County, NM987 BBLs1,217 MCFDec 2024
Mandelbaum FeeLea County, NM20,888 BBLs92,817 MCFDec 2024
Pirate StateLea County, NM4,830 BBLs50,560 MCFDec 2024
Prodigal Sun 17 24 34Lea County, NM723 BBLs943 MCFDec 2024
Raider FederalLea County, NM30,704 BBLs176,310 MCFDec 2024
Romeo Federal ComLea County, NM6,115 BBLs21,848 MCFDec 2024
Salvador FeeLea County, NM1,915 BBLs4,426 MCFJan 2025
Sebastian Federal ComLea County, NM9,169 BBLs20,714 MCFJan 2025
The Contest Federal ComLea County, NM10,906 BBLs39,485 MCFDec 2024
Van Gogh FeeLea County, NM2,595 BBLs11,468 MCFJan 2025
Will Kane 15 WLea County, NM3,854 BBLs8,326 MCFDec 2024
Yukon 20 Federal ComLea County, NM224,973 BBLs961,977 MCFJan 2025

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