DRAEGER
DRAEGER is a Texas gas lease in Washington County, Railroad Commission district 03, operated by Chesapeake Operating, L.L.C. It has 1 wellbore on file with the Commission. Reported production runs from September 2018 to August 2026, totalling 6,116,507 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 $1.8M, with roughly $356K 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 17,004 thousand cubic feet a month. Its strongest month on the record we hold was November 2018, at 371,810 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 DRAEGER
- Who operates DRAEGER?
- DRAEGER is operated by Chesapeake Operating, L.L.C., Railroad Commission of Texas operator number 147699.
- Where is DRAEGER?
- DRAEGER is a Texas gas lease in Washington County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 288549.
- Is DRAEGER still producing?
- DRAEGER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DRAEGER is August 2026.
- How much has DRAEGER produced?
- DRAEGER has reported 6,116,507 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2018 and August 2026, from 1 wellbore.
- How much is DRAEGER worth?
- The remaining production from DRAEGER is estimated to be worth about $1.8M in total as of 27 August 2026, within a range of $1.5M to $2.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DRAEGER is a fraction of it. The estimate fits an Arps decline curve to the production DRAEGER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DRAEGER is an estimate of value, not an offer and not an appraisal.
- How much income does DRAEGER generate in a year?
- DRAEGER is forecast to net about $356K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in DRAEGER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, L.L.C. |
|---|---|
| Field | Giddings (Austin Chalk, Gas) |
| County | Washington County, Texas |
| RRC district | 03 |
| Lease number | 288549 |
| Wellbores | 1 |
| Reported production | 6,116,507 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.8M |
Where DRAEGER 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.