STRATEGERY STATE UNIT
STRATEGERY STATE UNIT is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Apr Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from March 2020 to August 2026, totalling 3,406,563 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 $1.6M, with roughly $691K 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 12,907 thousand cubic feet a month. Its strongest month on the record we hold was March 2021, at 237,736 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 STRATEGERY STATE UNIT
- Who operates STRATEGERY STATE UNIT?
- STRATEGERY STATE UNIT is operated by Apr Operating LLC, Railroad Commission of Texas operator number 028612.
- Where is STRATEGERY STATE UNIT?
- STRATEGERY STATE UNIT is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 289504.
- Is STRATEGERY STATE UNIT still producing?
- STRATEGERY STATE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STRATEGERY STATE UNIT is August 2026.
- How much has STRATEGERY STATE UNIT produced?
- STRATEGERY STATE UNIT has reported 3,406,563 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2020 and August 2026, from 1 wellbore.
- How much is STRATEGERY STATE UNIT worth?
- The remaining production from STRATEGERY STATE UNIT is estimated to be worth about $1.6M in total as of 26 August 2026, within a range of $1.4M to $1.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STRATEGERY STATE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production STRATEGERY STATE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STRATEGERY STATE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does STRATEGERY STATE UNIT generate in a year?
- STRATEGERY STATE UNIT is forecast to net about $691K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STRATEGERY STATE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apr Operating LLC |
|---|---|
| Field | Ford, West (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 289504 |
| Wellbores | 1 |
| Reported production | 3,406,563 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.6M |
Where STRATEGERY STATE UNIT 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.