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 - Aug 2024 |
| Total Oil Production | 423,421 BBLs |
| Total Gas Production | 266,875 MCF |
| Recent Oil Production | 1,464 BBLs in Aug 2024 |
| Recent Gas Production | 1,507 MCF in Aug 2024 |
| Wells on Property | 2 |
Our Valuation Estimates for Playa 2 State
ShaleAssessment™
$51,776 *
MarketMultiple™
$141,055 **
* 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 | 3,036 BBLs | 2,588 MCF | Aug 2024 |
| Bobwhite 11 State | Lea County, NM | 0 BBLs | 0 MCF | Apr 2018 |
| Butter Cup 3 | Lea County, NM | 1,936 BBLs | 2,877 MCF | Aug 2024 |
| Cimarron | Lea County, NM | 4,060 BBLs | 2,282 MCF | Aug 2024 |
| Go State | Lea County, NM | 0 BBLs | 0 MCF | Jul 2023 |
| Gold State Com | Lea County, NM | 42,325 BBLs | 59,550 MCF | Aug 2024 |
| King Cobra 2 State | Lea County, NM | 2,385 BBLs | 2,294 MCF | Aug 2024 |
| Merit 6 Eh State Com | Lea County, NM | 393 BBLs | 245 MCF | Aug 2024 |
| Mongoose Fee | Lea County, NM | 431 BBLs | 527 MCF | Aug 2024 |
| Quail 11 State | Lea County, NM | 3,288 BBLs | 2,977 MCF | Aug 2024 |
| Quail Queen Unit | Lea County, NM | 76 BBLs | 0 MCF | Aug 2024 |
| Raptor West 3 State | Lea County, NM | 1,494 BBLs | 1,480 MCF | Aug 2024 |
| Scharb 10 | Lea County, NM | 4,996 BBLs | 4,824 MCF | Aug 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 | 1,278 BBLs | 3,085 MCF | Aug 2024 |
| Teapot | Lea County, NM | 753 BBLs | 2,032 MCF | Aug 2024 |
| Tin Cup 36 State Com | Lea County, NM | 402 BBLs | 525 MCF | Aug 2024 |
| Tres Primos 3 State | Lea County, NM | 1,621 BBLs | 1,335 MCF | Aug 2024 |
| Wild Cobra 1 State | Lea County, NM | 1,479 BBLs | 1,196 MCF | Aug 2024 |
These are the closest 20 companies operating near the Playa 2 State property.