DRAKE UNIT
DRAKE UNIT is a Texas oil lease in Atascosa County, Railroad Commission district 01, operated by Eog Resources, Inc. It has 2 wellbores on file with the Commission. Reported production runs from March 2014 to August 2026, totalling 311,965 barrels. 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 $1.0M, with roughly $318K 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 498 barrels a month, about 249 per wellbore. Its strongest month on the record we hold was May 2016, at 2,727 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 DRAKE UNIT
- Who operates DRAKE UNIT?
- DRAKE UNIT is operated by Eog Resources, Inc., Railroad Commission of Texas operator number 253162.
- Where is DRAKE UNIT?
- DRAKE UNIT is a Texas oil lease in Atascosa County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 17596.
- Is DRAKE UNIT still producing?
- DRAKE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DRAKE UNIT is August 2026.
- How much has DRAKE UNIT produced?
- DRAKE UNIT has reported 311,965 barrels of oil (bbl) to the Railroad Commission of Texas between March 2014 and August 2026, from 2 wellbores.
- How much is DRAKE UNIT worth?
- The remaining production from DRAKE UNIT is estimated to be worth about $1.0M in total as of 26 August 2026, within a range of $786K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DRAKE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production DRAKE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DRAKE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does DRAKE UNIT generate in a year?
- DRAKE UNIT is forecast to net about $318K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DRAKE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Eog Resources, Inc. |
|---|---|
| Field | Eagleville (Eagle Ford-1) |
| County | Atascosa County, Texas |
| RRC district | 01 |
| Lease number | 17596 |
| Wellbores | 2 |
| Reported production | 311,965 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.0M |
Where DRAKE 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.