Picasso Federal

Oil & Gas Property in Lea County, NM

Property Summary

Key data points for Picasso Federal

CountyLea County, NM
OperatorCOG OPERATING LLC
Production DatesFeb 2015 - Oct 2024
Total Oil Production269,792 BBLs
Total Gas Production1,502,131 MCF
Recent Oil Production1,552 BBLs in Oct 2024
Recent Gas Production4,369 MCF in Oct 2024
Wells on Property4

Our Valuation Estimates for Picasso Federal

ShaleAssessment

$45,732 *

MarketMultiple

$170,599 **

* 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 Oct 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
Brad Lummis ComLea County, NM6,876 BBLs27,484 MCFOct 2024
Brad Lummis Federal ComLea County, NM5,417 BBLs23,302 MCFOct 2024
Carl Mottek FederalLea County, NM8,455 BBLs19,780 MCFOct 2024
FlowmasterLea County, NM7,824 BBLs30,460 MCFOct 2024
Galleon 21 FederalLea County, NM51,276 BBLs218,779 MCFOct 2024
Gramma Ridge 14 24 34Lea County, NM5,514 BBLs11,527 MCFOct 2024
Jolly Roger 16 StateLea County, NM11,284 BBLs39,849 MCFOct 2024
Juliet Federal ComLea County, NM23,951 BBLs123,977 MCFOct 2024
Madera 17 FederalLea County, NM941 BBLs1,008 MCFOct 2024
Mandelbaum FeeLea County, NM23,991 BBLs103,214 MCFOct 2024
Pirate StateLea County, NM5,004 BBLs45,751 MCFOct 2024
Prodigal Sun 17 24 34Lea County, NM360 BBLs441 MCFOct 2024
Raider FederalLea County, NM33,569 BBLs212,211 MCFOct 2024
Romeo Federal ComLea County, NM4,970 BBLs20,210 MCFOct 2024
Salvador FeeLea County, NM1,301 BBLs2,777 MCFOct 2024
Sebastian Federal ComLea County, NM11,953 BBLs21,526 MCFOct 2024
The Contest Federal ComLea County, NM15,650 BBLs60,636 MCFOct 2024
Van Gogh FeeLea County, NM2,627 BBLs9,818 MCFOct 2024
Will Kane 15 WLea County, NM5,487 BBLs9,738 MCFOct 2024
Yukon 20 Federal ComLea County, NM248,553 BBLs861,210 MCFOct 2024