CRAVEN UNIT 3-8
CRAVEN UNIT 3-8 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Anadarko E&P Onshore LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2016 to August 2026, totalling 1,862,861 thousand cubic feet. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $3.2M, with roughly $848K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 5,337 thousand cubic feet a month. Its strongest month on the record we hold was October 2016, at 75,948 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about CRAVEN UNIT 3-8
- Who operates CRAVEN UNIT 3-8?
- CRAVEN UNIT 3-8 is operated by Anadarko E&P Onshore LLC, Railroad Commission of Texas operator number 020528.
- Where is CRAVEN UNIT 3-8?
- CRAVEN UNIT 3-8 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 282034.
- Is CRAVEN UNIT 3-8 still producing?
- CRAVEN UNIT 3-8 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CRAVEN UNIT 3-8 is August 2026.
- How much has CRAVEN UNIT 3-8 produced?
- CRAVEN UNIT 3-8 has reported 1,862,861 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2016 and August 2026, from 1 wellbore.
- How much is CRAVEN UNIT 3-8 worth?
- The remaining production from CRAVEN UNIT 3-8 is estimated to be worth about $3.2M in total as of 27 August 2026, within a range of $2.7M to $3.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CRAVEN UNIT 3-8 is a fraction of it. The estimate fits an Arps decline curve to the production CRAVEN UNIT 3-8 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CRAVEN UNIT 3-8 is an estimate of value, not an offer and not an appraisal.
- How much income does CRAVEN UNIT 3-8 generate in a year?
- CRAVEN UNIT 3-8 is forecast to net about $848K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CRAVEN UNIT 3-8 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Anadarko E&P Onshore LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 282034 |
| Wellbores | 1 |
| Reported production | 1,862,861 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.2M |
Where CRAVEN UNIT 3-8 sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.