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 September 2015 to August 2026, totalling 1,519,900 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 $4.2M, with roughly $1.0M 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 4,681 thousand cubic feet a month. Its strongest month on the record we hold was October 2016, at 52,318 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 DRAKE UNIT
- Who operates DRAKE UNIT?
- DRAKE UNIT is operated by Conocophillips Company, Railroad Commission of Texas operator number 172232.
- Where is DRAKE UNIT?
- DRAKE UNIT is a Texas gas lease in Culberson County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 279856.
- 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 1,519,900 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2015 and August 2026, from 1 wellbore.
- How much is DRAKE UNIT worth?
- The remaining production from DRAKE UNIT is estimated to be worth about $4.2M in total as of 26 August 2026, within a range of $3.5M to $4.9M. 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 $1.0M 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 | Conocophillips Company |
|---|---|
| Field | Ford, West (Wolfcamp) |
| County | Culberson County, Texas |
| RRC district | 08 |
| Lease number | 279856 |
| Wellbores | 1 |
| Reported production | 1,519,900 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.2M |
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.