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 - Oct 2024 |
| Total Oil Production | 426,075 BBLs |
| Total Gas Production | 269,410 MCF |
| Recent Oil Production | 1,278 BBLs in Oct 2024 |
| Recent Gas Production | 1,199 MCF in Oct 2024 |
| Wells on Property | 2 |
Our Valuation Estimates for Playa 2 State
ShaleAssessment™
$50,345 *
MarketMultiple™
$157,420 **
* 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 | 3,077 BBLs | 2,496 MCF | Oct 2024 |
| Airstrip | Lea County, NM | 2,029 BBLs | 810 MCF | Oct 2024 |
| Airstrip 6 State Com 00 | Lea County, NM | 1,678 BBLs | 696 MCF | Oct 2024 |
| Bobwhite 11 State | Lea County, NM | 0 BBLs | 0 MCF | Apr 2018 |
| Butter Cup 3 | Lea County, NM | 1,934 BBLs | 2,588 MCF | Oct 2024 |
| Cimarron | Lea County, NM | 3,512 BBLs | 2,628 MCF | Oct 2024 |
| Go State | Lea County, NM | 1,907 BBLs | 1,827 MCF | Oct 2024 |
| Gold State Com | Lea County, NM | 27,677 BBLs | 31,428 MCF | Oct 2024 |
| King Cobra 2 State | Lea County, NM | 2,281 BBLs | 2,198 MCF | Oct 2024 |
| Merit 6 Eh State Com | Lea County, NM | 712 BBLs | 261 MCF | Oct 2024 |
| Quail 11 State | Lea County, NM | 3,323 BBLs | 3,360 MCF | Oct 2024 |
| Quail Queen Unit | Lea County, NM | 62 BBLs | 0 MCF | Oct 2024 |
| Raptor West 3 State | Lea County, NM | 1,215 BBLs | 1,780 MCF | Nov 2024 |
| Scharb 10 | Lea County, NM | 4,813 BBLs | 5,161 MCF | Oct 2024 |
| State | Lea County, NM | 0 BBLs | 0 MCF | Feb 1998 |
| Teal 12 State Com | Lea County, NM | 1,222 BBLs | 2,868 MCF | Oct 2024 |
| Teapot | Lea County, NM | 720 BBLs | 1,378 MCF | Oct 2024 |
| Tin Cup 36 State Com | Lea County, NM | 340 BBLs | 713 MCF | Oct 2024 |
| Tres Primos 3 State | Lea County, NM | 1,533 BBLs | 991 MCF | Oct 2024 |
| Wild Cobra 1 State | Lea County, NM | 1,545 BBLs | 1,465 MCF | Oct 2024 |
These are the closest 20 companies operating near the Playa 2 State property.