HAYES STATE UNIT
HAYES STATE UNIT is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Callon (Permian) LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2020 to August 2026, totalling 1,300,158 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 $3.2M, with roughly $765K 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 9,266 thousand cubic feet a month. Its strongest month on the record we hold was November 2020, at 95,585 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 HAYES STATE UNIT
- Who operates HAYES STATE UNIT?
- HAYES STATE UNIT is operated by Callon (Permian) LLC, Railroad Commission of Texas operator number 124807.
- Where is HAYES STATE UNIT?
- HAYES STATE UNIT is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 290465.
- Is HAYES STATE UNIT still producing?
- HAYES STATE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HAYES STATE UNIT is August 2026.
- How much has HAYES STATE UNIT produced?
- HAYES STATE UNIT has reported 1,300,158 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2020 and August 2026, from 1 wellbore.
- How much is HAYES STATE UNIT worth?
- The remaining production from HAYES STATE UNIT is estimated to be worth about $3.2M in total as of 26 August 2026, within a range of $2.6M to $3.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HAYES STATE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production HAYES STATE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HAYES STATE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does HAYES STATE UNIT generate in a year?
- HAYES STATE UNIT is forecast to net about $765K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HAYES STATE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Callon (Permian) LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 290465 |
| Wellbores | 1 |
| Reported production | 1,300,158 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.2M |
Where HAYES STATE 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.