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 - Sep 2024 |
| Total Oil Production | 424,797 BBLs |
| Total Gas Production | 268,211 MCF |
| Recent Oil Production | 1,376 BBLs in Sep 2024 |
| Recent Gas Production | 1,336 MCF in Sep 2024 |
| Wells on Property | 2 |
Our Valuation Estimates for Playa 2 State
ShaleAssessment™
$51,063 *
MarketMultiple™
$141,056 **
* 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 | 2,815 BBLs | 2,267 MCF | Sep 2024 |
| Airstrip | Lea County, NM | 1,173 BBLs | 558 MCF | Sep 2024 |
| Airstrip 6 State Com 00 | Lea County, NM | 1,475 BBLs | 727 MCF | Sep 2024 |
| Bobwhite 11 State | Lea County, NM | 0 BBLs | 0 MCF | Apr 2018 |
| Butter Cup 3 | Lea County, NM | 2,011 BBLs | 2,946 MCF | Sep 2024 |
| Cimarron | Lea County, NM | 3,722 BBLs | 2,442 MCF | Sep 2024 |
| Go State | Lea County, NM | 0 BBLs | 0 MCF | Jul 2023 |
| Gold State Com | Lea County, NM | 36,564 BBLs | 53,041 MCF | Sep 2024 |
| King Cobra 2 State | Lea County, NM | 2,164 BBLs | 2,111 MCF | Sep 2024 |
| Mongoose Fee | Lea County, NM | 552 BBLs | 577 MCF | Sep 2024 |
| Quail 11 State | Lea County, NM | 3,561 BBLs | 3,550 MCF | Sep 2024 |
| Quail Queen Unit | Lea County, NM | 58 BBLs | 0 MCF | Sep 2024 |
| Raptor West 3 State | Lea County, NM | 1,876 BBLs | 1,845 MCF | Sep 2024 |
| Scharb 10 | Lea County, NM | 3,546 BBLs | 3,687 MCF | Sep 2024 |
| State | Lea County, NM | 0 BBLs | 0 MCF | Feb 1998 |
| SV Bobwhite Federal | Lea County, NM | 321 BBLs | 148 MCF | Sep 2024 |
| Teal 12 State Com | Lea County, NM | 1,211 BBLs | 2,965 MCF | Sep 2024 |
| Tin Cup 36 State Com | Lea County, NM | 316 BBLs | 565 MCF | Sep 2024 |
| Tres Primos 3 State | Lea County, NM | 1,492 BBLs | 1,135 MCF | Sep 2024 |
| Wild Cobra 1 State | Lea County, NM | 1,592 BBLs | 1,479 MCF | Sep 2024 |
These are the closest 20 companies operating near the Playa 2 State property.