PETOSKEY STATE
PETOSKEY STATE is a Texas gas lease in Culberson County, Railroad Commission district 08, operated by Cog Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2015 to August 2026, totalling 2,772,967 thousand cubic feet. The lease is intermittent. 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 $2K, with roughly $209 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 8 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 72,561 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 100% 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 PETOSKEY STATE
- Who operates PETOSKEY STATE?
- PETOSKEY STATE is operated by Cog Operating LLC, Railroad Commission of Texas operator number 166150.
- Where is PETOSKEY STATE?
- PETOSKEY STATE is a Texas gas lease in Culberson County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 278889.
- Is PETOSKEY STATE still producing?
- PETOSKEY STATE is intermittent. The most recent month of production reported to the Railroad Commission of Texas for PETOSKEY STATE is August 2026.
- How much has PETOSKEY STATE produced?
- PETOSKEY STATE has reported 2,772,967 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2015 and August 2026, from 1 wellbore.
- How much is PETOSKEY STATE worth?
- The remaining production from PETOSKEY STATE is estimated to be worth about $2K in total as of 26 August 2026, within a range of $0 to $3K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PETOSKEY STATE is a fraction of it. The estimate fits an Arps decline curve to the production PETOSKEY STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PETOSKEY STATE is an estimate of value, not an offer and not an appraisal.
- How much income does PETOSKEY STATE generate in a year?
- PETOSKEY STATE is forecast to net about $209 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PETOSKEY STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cog Operating LLC |
|---|---|
| Field | Ford, West (Wolfcamp) |
| County | Culberson County, Texas |
| RRC district | 08 |
| Lease number | 278889 |
| Wellbores | 1 |
| Reported production | 2,772,967 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $2K |
Where PETOSKEY STATE 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.