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 - Feb 2025 |
| Total Oil Production | 430,182 BBLs |
| Total Gas Production | 275,490 MCF |
| Recent Oil Production | 1,090 BBLs in Jan 2025 |
| Recent Gas Production | 1,971 MCF in Jan 2025 |
| Wells on Property | 2 |
Our Valuation Estimates for Playa 2 State
ShaleAssessment™
$47,719 *
MarketMultiple™
$162,463 **
* 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 | 3,428 BBLs | 1,337 MCF | Jan 2025 |
| Airstrip 6 State Com 00 | Lea County, NM | 1,698 BBLs | 802 MCF | Jan 2025 |
| Bobwhite 11 State | Lea County, NM | 0 BBLs | 0 MCF | Apr 2018 |
| Butter Cup 3 | Lea County, NM | 1,434 BBLs | 1,367 MCF | Feb 2025 |
| Cimarron | Lea County, NM | 1,258 BBLs | 956 MCF | Jan 2025 |
| Cimarron 16 19 34 RN State Com | Lea County, NM | 2,084 BBLs | 1,763 MCF | Jan 2025 |
| Go State | Lea County, NM | 9,831 BBLs | 5,743 MCF | Jan 2025 |
| Gold State Com | Lea County, NM | 19,178 BBLs | 25,069 MCF | Feb 2025 |
| King Cobra 2 State | Lea County, NM | 1,982 BBLs | 1,890 MCF | Jan 2025 |
| Mongoose Fee | Lea County, NM | 669 BBLs | 478 MCF | Jan 2025 |
| Quail 11 State | Lea County, NM | 3,583 BBLs | 2,854 MCF | Jan 2025 |
| Quail Queen Unit | Lea County, NM | 71 BBLs | 0 MCF | Jan 2025 |
| Raptor West 3 State | Lea County, NM | 1,578 BBLs | 1,441 MCF | Jan 2025 |
| Satellite State Com | Lea County, NM | 277,591 BBLs | 183,723 MCF | Feb 2025 |
| Scharb 10 | Lea County, NM | 4,781 BBLs | 4,936 MCF | Jan 2025 |
| State | Lea County, NM | 0 BBLs | 0 MCF | Feb 1998 |
| Teal 12 State Com | Lea County, NM | 1,163 BBLs | 2,442 MCF | Jan 2025 |
| Tin Cup 36 State Com | Lea County, NM | 320 BBLs | 1,185 MCF | Feb 2025 |
| Tres Primos 3 State | Lea County, NM | 1,530 BBLs | 979 MCF | Jan 2025 |
| Wild Cobra 1 State | Lea County, NM | 1,541 BBLs | 1,295 MCF | Jan 2025 |
These are the closest 20 companies operating near the Playa 2 State property.