STATE CORREA UNIT
STATE CORREA UNIT is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Eog Resources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from September 2019 to August 2026, totalling 2,770,091 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 $1.2M, with roughly $373K 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 6,189 thousand cubic feet a month. Its strongest month on the record we hold was October 2019, at 159,464 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 STATE CORREA UNIT
- Who operates STATE CORREA UNIT?
- STATE CORREA UNIT is operated by Eog Resources, Inc., Railroad Commission of Texas operator number 253162.
- Where is STATE CORREA UNIT?
- STATE CORREA UNIT is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 288075.
- Is STATE CORREA UNIT still producing?
- STATE CORREA UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE CORREA UNIT is August 2026.
- How much has STATE CORREA UNIT produced?
- STATE CORREA UNIT has reported 2,770,091 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2019 and August 2026, from 1 wellbore.
- How much is STATE CORREA UNIT worth?
- The remaining production from STATE CORREA UNIT is estimated to be worth about $1.2M in total as of 26 August 2026, within a range of $978K to $1.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE CORREA UNIT is a fraction of it. The estimate fits an Arps decline curve to the production STATE CORREA UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE CORREA UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does STATE CORREA UNIT generate in a year?
- STATE CORREA UNIT is forecast to net about $373K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STATE CORREA UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Eog Resources, Inc. |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 288075 |
| Wellbores | 1 |
| Reported production | 2,770,091 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.2M |
Where STATE CORREA 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.