AVIATOR STATE
AVIATOR STATE is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Arete Creek Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from April 2023 to August 2026, totalling 438,811 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 $9.3M, with roughly $2.3M 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 7,018 thousand cubic feet a month. Its strongest month on the record we hold was May 2023, at 39,770 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 AVIATOR STATE
- Who operates AVIATOR STATE?
- AVIATOR STATE is operated by Arete Creek Operating, LLC, Railroad Commission of Texas operator number 103102.
- Where is AVIATOR STATE?
- AVIATOR STATE is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 299995.
- Is AVIATOR STATE still producing?
- AVIATOR STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for AVIATOR STATE is August 2026.
- How much has AVIATOR STATE produced?
- AVIATOR STATE has reported 438,811 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 2023 and August 2026, from 1 wellbore.
- How much is AVIATOR STATE worth?
- The remaining production from AVIATOR STATE is estimated to be worth about $9.3M in total as of 26 August 2026, within a range of $7.8M to $10.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in AVIATOR STATE is a fraction of it. The estimate fits an Arps decline curve to the production AVIATOR STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for AVIATOR STATE is an estimate of value, not an offer and not an appraisal.
- How much income does AVIATOR STATE generate in a year?
- AVIATOR STATE is forecast to net about $2.3M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in AVIATOR STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Arete Creek Operating, LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 299995 |
| Wellbores | 1 |
| Reported production | 438,811 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $9.3M |
Where AVIATOR 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.