SALT DRAW STATE 1 UNIT
SALT DRAW STATE 1 UNIT 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 July 2023 to August 2026, totalling 459,391 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 $3.1M, with roughly $1.1M 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 9,549 thousand cubic feet a month. Its strongest month on the record we hold was August 2023, at 26,685 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 SALT DRAW STATE 1 UNIT
- Who operates SALT DRAW STATE 1 UNIT?
- SALT DRAW STATE 1 UNIT is operated by Arete Creek Operating, LLC, Railroad Commission of Texas operator number 103102.
- Where is SALT DRAW STATE 1 UNIT?
- SALT DRAW STATE 1 UNIT is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 299998.
- Is SALT DRAW STATE 1 UNIT still producing?
- SALT DRAW STATE 1 UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SALT DRAW STATE 1 UNIT is August 2026.
- How much has SALT DRAW STATE 1 UNIT produced?
- SALT DRAW STATE 1 UNIT has reported 459,391 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2023 and August 2026, from 1 wellbore.
- How much is SALT DRAW STATE 1 UNIT worth?
- The remaining production from SALT DRAW STATE 1 UNIT is estimated to be worth about $3.1M in total as of 27 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 SALT DRAW STATE 1 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SALT DRAW STATE 1 UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SALT DRAW STATE 1 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SALT DRAW STATE 1 UNIT generate in a year?
- SALT DRAW STATE 1 UNIT is forecast to net about $1.1M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SALT DRAW STATE 1 UNIT 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 | 299998 |
| Wellbores | 1 |
| Reported production | 459,391 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.1M |
Where SALT DRAW STATE 1 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.