GRAHAM UNIT 33-34
GRAHAM UNIT 33-34 is a Texas gas lease in Ward County, Railroad Commission district 08, operated by Cog Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from November 2015 to August 2026, totalling 1,577,612 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 $4.5M, with roughly $1.5M 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 8,524 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 42,642 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 GRAHAM UNIT 33-34
- Who operates GRAHAM UNIT 33-34?
- GRAHAM UNIT 33-34 is operated by Cog Operating LLC, Railroad Commission of Texas operator number 166150.
- Where is GRAHAM UNIT 33-34?
- GRAHAM UNIT 33-34 is a Texas gas lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 291098.
- Is GRAHAM UNIT 33-34 still producing?
- GRAHAM UNIT 33-34 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRAHAM UNIT 33-34 is August 2026.
- How much has GRAHAM UNIT 33-34 produced?
- GRAHAM UNIT 33-34 has reported 1,577,612 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2015 and August 2026, from 1 wellbore.
- How much is GRAHAM UNIT 33-34 worth?
- The remaining production from GRAHAM UNIT 33-34 is estimated to be worth about $4.5M in total as of 26 August 2026, within a range of $3.8M to $5.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRAHAM UNIT 33-34 is a fraction of it. The estimate fits an Arps decline curve to the production GRAHAM UNIT 33-34 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRAHAM UNIT 33-34 is an estimate of value, not an offer and not an appraisal.
- How much income does GRAHAM UNIT 33-34 generate in a year?
- GRAHAM UNIT 33-34 is forecast to net about $1.5M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GRAHAM UNIT 33-34 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cog Operating LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 291098 |
| Wellbores | 1 |
| Reported production | 1,577,612 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.5M |
Where GRAHAM UNIT 33-34 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.