State Section

Oil & Gas Property in Lea County, NM

  2. New Mexico
  3. Lea County, NM
  4. Oil & Gas Properties in Lea County, NM
  5. State Section Oil & Gas Property

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Property Summary

Key data points for State Section

CountyLea County, NM
Production DatesJan 1993 - Oct 2024
Total Oil Production126,053 BBLs
Total Gas Production5,648,168 MCF
Recent Oil Production292 BBLs in Sep 2024
Recent Gas Production0 MCF in Sep 2024
Wells on Property4

Our Valuation Estimates for State Section

ShaleAssessment™

$9,753 *

MarketMultiple™

$39,847 **

* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue

Based on a decimal interest

State Section Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for State Section
from Jan 1993 to Oct 2024

Wells on State Section

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
30-025-25032STATE SECTION 6 001SOUTHWEST ROYALTIES INCActiveLea County, NM32.858818-103.499092
30-025-25273STATE SECTION 7 COM 001APACHE CORPORATIONPlugged (Not Released)Lea County, NM32.851540-103.495102
30-025-35367STATE SECTION 7 COM 002MARATHON OIL COCancelledLea County, NM32.845003-103.495095
30-025-36358STATE SECTION 6 002SOUTHWEST ROYALTIES INCCancelledLea County, NM32.862419-103.494463

Leases included in State Section

Lease #Lease NameOperatorCountyMonthly Oil Prod.
10664STATE SECTION 6SOUTHWEST ROYALTIES INCLea County, NM
306623STATE SECTION 7 COMAPACHE CORPORATIONLea County, NM
6475STATE SECTION 7 COMMARATHON OIL COLea County, NM

Operators Associated With State Section

Nearby Properties

These are the closest 20 properties to the State Section property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Bridges StateLea County, NM2,732 BBLs1,008 MCFSep 2024
Encore 12 State ComLea County, NM0 BBLs801 MCFSep 2024
Encore 36 StateLea County, NM0 BBLs324 MCFSep 2024
Giles StateLea County, NM0 BBLs0 MCFNov 2020
Marathon Section 17 State ComLea County, NM0 BBLs0 MCFDec 2021
Miller BW StateLea County, NM157 BBLs0 MCFOct 2024
North Vacuum AboLea County, NM20,828 BBLs19,177 MCFOct 2024
North Vacuum AboLea County, NM226 BBLs357 MCFSep 2024
Pinedale 22115 9 4 State ComLea County, NM6,775 BBLs12,537 MCFOct 2024
SagebrushLea County, NM663 BBLs709 MCFOct 2024
Santa Fe A ComLea County, NM0 BBLs0 MCFOct 2024
Shoe Bar Ranch Unit 3Lea County, NM0 BBLs0 MCFNov 2023
ShoebarLea County, NM0 BBLs0 MCFMar 2024
Silverstrand StateLea County, NM468 BBLs223 MCFOct 2024
South Shoebar 1Lea County, NM0 BBLs1,725 MCFOct 2024
Staplin State AcLea County, NM367 BBLs0 MCFSep 2024
State Of New Mexico 35Lea County, NM167 BBLs818 MCFSep 2024
VacuumLea County, NM536 BBLs0 MCFOct 2024
VacuumLea County, NM248 BBLs1,248 MCFOct 2024
Willow Peg StateLea County, NM0 BBLs0 MCFApr 2023

Companies in the Area

These are the closest 20 companies operating near the State Section property.

Company Name
Apache Corporation
BC Operating, Inc.
Breitburn Operating LP
Bta Oil Producers, LLC
Chevron USA Inc
Cross Timbers Energy, LLC
Fae II Operating LLC
Lime Rock Resources II-A, L.P.
Marathon Oil Company
Mobil Producing Texas & New Mexico
Morningstar Operating LLC
Phillips Petroleum Company
Quantum Resources Management LLC
Redwood Operating LLC
Sage Energy Company
Sheridan Production Company, LLC
Southwest Royalties Inc
Texaco Expl. And Prod. Inc.
Unitex Oil & Gas, L.L.C.
XTO Energy Inc.