DRAKE UNIT
DRAKE UNIT is a Texas gas lease in Culberson County, Railroad Commission district 08, operated by Conocophillips Company. It has 1 wellbore on file with the Commission. Reported production runs from March 2024 to August 2026, totalling 4,027,655 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 a standard royalty share at about $558K, with roughly $159K expected over the next twelve months.
| Operator | Conocophillips Company |
|---|---|
| Field | Ford, West (Wolfcamp) |
| County | Culberson County, Texas |
| RRC district | 08 |
| Lease number | 298549 |
| Wellbores | 1 |
| Reported production | 4,027,655 mcf |
| First reported | March 2024 |
| Last reported | August 2026 |
| Estimated royalty value | $558K |
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.