Oil & Gas Property in Lea County, NM
Key data points for Playa 2 State
| County | Lea County, NM |
|---|---|
| Operator | FRANKLIN MOUNTAIN ENERGY 3, LLC |
| Production Dates | May 2012 - Dec 2024 |
| Total Oil Production | 428,002 BBLs |
| Total Gas Production | 271,548 MCF |
| Recent Oil Production | 1,021 BBLs in Nov 2024 |
| Recent Gas Production | 1,193 MCF in Nov 2024 |
| Wells on Property | 2 |
Our Valuation Estimates for Playa 2 State
ShaleAssessment™
$48,870 *
MarketMultiple™
$162,468 **
* 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 Playa 2 State property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Aircobra 12 State | Lea County, NM | 3,126 BBLs | 2,492 MCF | Dec 2024 |
| Airstrip 6 State Com 00 | Lea County, NM | 560 BBLs | 283 MCF | Dec 2024 |
| Bobwhite 11 State | Lea County, NM | 0 BBLs | 0 MCF | Apr 2018 |
| Butter Cup 3 | Lea County, NM | 1,940 BBLs | 2,465 MCF | Dec 2024 |
| Cimarron | Lea County, NM | 2,752 BBLs | 2,131 MCF | Dec 2024 |
| Go State | Lea County, NM | 8,966 BBLs | 6,973 MCF | Nov 2024 |
| Gold State Com | Lea County, NM | 33,969 BBLs | 40,252 MCF | Dec 2024 |
| King Cobra 2 State | Lea County, NM | 2,292 BBLs | 2,226 MCF | Dec 2024 |
| Merit 6 Eh State Com | Lea County, NM | 566 BBLs | 300 MCF | Nov 2024 |
| Quail 11 State | Lea County, NM | 3,785 BBLs | 3,098 MCF | Dec 2024 |
| Quail Queen Unit | Lea County, NM | 86 BBLs | 0 MCF | Nov 2024 |
| Raptor West 3 State | Lea County, NM | 1,689 BBLs | 1,840 MCF | Dec 2024 |
| Scharb 10 | Lea County, NM | 4,762 BBLs | 4,411 MCF | Nov 2024 |
| State | Lea County, NM | 0 BBLs | 0 MCF | Feb 1998 |
| SV Bobwhite Federal | Lea County, NM | 301 BBLs | 140 MCF | Dec 2024 |
| Teal 12 State Com | Lea County, NM | 1,262 BBLs | 2,945 MCF | Dec 2024 |
| Teapot | Lea County, NM | 615 BBLs | 854 MCF | Nov 2024 |
| Tin Cup 36 State Com | Lea County, NM | 441 BBLs | 590 MCF | Dec 2024 |
| Tres Primos 3 State | Lea County, NM | 1,524 BBLs | 1,097 MCF | Dec 2024 |
| Wild Cobra 1 State | Lea County, NM | 1,487 BBLs | 1,385 MCF | Dec 2024 |
These are the closest 20 companies operating near the Playa 2 State property.