JACK HAWK UNIT 298
JACK HAWK UNIT 298 is a Texas oil lease in Gaines County, Railroad Commission district 08, operated by Element Petroleum Op III, LLC. It has 1 wellbore on file with the Commission. Reported production runs from July 2022 to August 2026, totalling 18,408 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 $717K, with roughly $204K 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 260 barrels a month. Its strongest month on the record we hold was September 2022, at 892 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 JACK HAWK UNIT 298
- Who operates JACK HAWK UNIT 298?
- JACK HAWK UNIT 298 is operated by Element Petroleum Op III, LLC, Railroad Commission of Texas operator number 247675.
- Where is JACK HAWK UNIT 298?
- JACK HAWK UNIT 298 is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 57669.
- Is JACK HAWK UNIT 298 still producing?
- JACK HAWK UNIT 298 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JACK HAWK UNIT 298 is August 2026.
- How much has JACK HAWK UNIT 298 produced?
- JACK HAWK UNIT 298 has reported 18,408 barrels of oil (bbl) to the Railroad Commission of Texas between July 2022 and August 2026, from 1 wellbore.
- How much is JACK HAWK UNIT 298 worth?
- The remaining production from JACK HAWK UNIT 298 is estimated to be worth about $717K in total as of 27 August 2026, within a range of $559K to $875K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JACK HAWK UNIT 298 is a fraction of it. The estimate fits an Arps decline curve to the production JACK HAWK UNIT 298 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JACK HAWK UNIT 298 is an estimate of value, not an offer and not an appraisal.
- How much income does JACK HAWK UNIT 298 generate in a year?
- JACK HAWK UNIT 298 is forecast to net about $204K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in JACK HAWK UNIT 298 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Element Petroleum Op III, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Gaines County, Texas |
| RRC district | 08 |
| Lease number | 57669 |
| Wellbores | 1 |
| Reported production | 18,408 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $717K |
Where JACK HAWK UNIT 298 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.