Drake Unit

Oil & Gas Property in Culberson County, TX

Property Summary

Key data points for Drake Unit

CountyCulberson County, TX
OperatorCONOCOPHILLIPS COMPANY
Production DatesMar 2024 - Oct 2024
Total Oil Production406,643 BBLs
Total Gas Production5,291,030 MCF
Recent Oil Production42,914 BBLs in Sep 2024
Recent Gas Production712,585 MCF in Sep 2024
Wells on Property4

Our Valuation Estimates for Drake Unit

ShaleAssessment

Not Available

MarketMultiple

$7,781,391 **

* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue

Based on a decimal interest

Drake Unit Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Drake Unit
from Mar 2024 to Oct 2024

Wells on Drake Unit

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-109-32843DRAKE UNIT 4001HCONOCOPHILLIPS COMPANYProducingCulberson County, TX31.910808-104.078266
42-109-34038DRAKE UNIT 801HCONOCOPHILLIPS COMPANYHorizontal Well Surface LocatioCulberson County, TX31.924450-104.064752
42-109-34039DRAKE UNIT 802HCONOCOPHILLIPS COMPANYHorizontal Well Surface LocatioCulberson County, TX31.924380-104.064805
42-109-34040DRAKE UNIT 803HCONOCOPHILLIPS COMPANYHorizontal Well Surface LocatioCulberson County, TX31.924311-104.064857

Leases included in Drake Unit

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
08-279856DRAKE UNIT 4001HCONOCOPHILLIPS COMPANYCulberson County, TX

Nearby Properties

These are the closest 20 properties to the Drake Unit property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Aldrin State Unit 282Culberson County, TX1,134 BBLs23,599 MCFOct 2024
ArmstrongCulberson County, TX399 BBLs17,114 MCFOct 2024
CondorCulberson County, TX0 BBLs0 MCFApr 2023
CulbersonCulberson County, TX244 BBLs0 MCFOct 2024
Eagle 3Culberson County, TX0 BBLs0 MCFFeb 2023
Falcon 27Culberson County, TX151 BBLs0 MCFOct 2024
Falcon 39Culberson County, TX0 BBLs0 MCFMar 2020
GlennCulberson County, TX3,471 BBLs49,541 MCFOct 2024
Hawkins-GrubbCulberson County, TX135 BBLs0 MCFOct 2024
Hay Bowen 29/32 00Culberson County, TX26,193 BBLs526,283 MCFOct 2024
Hay MartinCulberson County, TX123,523 BBLs1,376,868 MCFOct 2024
Hay MatthewCulberson County, TX48,122 BBLs245,247 MCFOct 2024
Hold Em WC 220Culberson County, TX10,026 BBLs97,483 MCFOct 2024
Meeker BillCulberson County, TX0 BBLs0 MCFAug 2024
MockingbirdCulberson County, TX11,601 BBLs70,059 MCFOct 2024
Pintail 39Culberson County, TX266 BBLs0 MCFOct 2024
RamseyCulberson County, TX1,136 BBLs0 MCFOct 2024
RaptorCulberson County, TX595 BBLs0 MCFOct 2024
Texaco FeeCulberson County, TX0 BBLs0 MCFOct 2015
Tiger 35Culberson County, TX0 BBLs0 MCFAug 2024

Frac'ing activity on Drake Unit

API #Well NameStart DateEnd DateVertical DepthTotal Water Volume
42-109-34038DRAKE UNIT 801H
42-109-34039Drake Unit 802H
42-109-34040DRAKE UNIT 803H

Owners of Drake Unit

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024HAWKINS H L JR INCDRAKE WCCONOCOPHILLIPS COMP
2024CONOCOPHILLIPS COMPANYDRAKE WCCONOCOPHILLIPS COMP

Oil & Gas Sales on Drake Unit

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-279856DRAKE UNIT 4001HOct 2024SALT CREEK MIDSTREAM, LLCCONOCOPHILLIPS COMPANY
08-279856DRAKE UNIT 4001HOct 2024DELAWARE BASIN MIDSTREAM LLCCONOCOPHILLIPS COMPANY
08-279856DRAKE UNIT 4001HOct 2024DELAWARE BASIN MIDSTREAM LLCCONOCOPHILLIPS COMPANY
08-279856DRAKE UNIT 4001HOct 2024TARGA MIDSTREAM SERVICES LLCCONOCOPHILLIPS COMPANY
08-279856DRAKE UNIT 4001HOct 2024CONOCOPHILLIPS COMPANYCONOCOPHILLIPS COMPANY
08-279856DRAKE UNIT 4001HOct 2024CONOCOPHILLIPS COMPANYCONOCOPHILLIPS COMPANY
08-279856DRAKE UNIT 4001HSep 2024DELAWARE BASIN MIDSTREAM LLCCONOCOPHILLIPS COMPANY
08-279856DRAKE UNIT 4001HSep 2024DELAWARE BASIN MIDSTREAM LLCCONOCOPHILLIPS COMPANY
08-279856DRAKE UNIT 4001HSep 2024TARGA MIDSTREAM SERVICES LLCCONOCOPHILLIPS COMPANY
08-279856DRAKE UNIT 4001HSep 2024CONOCOPHILLIPS COMPANYCONOCOPHILLIPS COMPANY
08-279856DRAKE UNIT 4001HSep 2024CONOCOPHILLIPS COMPANYCONOCOPHILLIPS COMPANY
08-279856DRAKE UNIT 4001HAug 2024SALT CREEK MIDSTREAM, LLCCONOCOPHILLIPS COMPANY
08-279856DRAKE UNIT 4001HAug 2024DELAWARE BASIN MIDSTREAM LLCCONOCOPHILLIPS COMPANY
08-279856DRAKE UNIT 4001HAug 2024DELAWARE BASIN MIDSTREAM LLCCONOCOPHILLIPS COMPANY
08-279856DRAKE UNIT 4001HAug 2024TARGA MIDSTREAM SERVICES LLCCONOCOPHILLIPS COMPANY
08-279856DRAKE UNIT 4001HAug 2024CONOCOPHILLIPS COMPANYCONOCOPHILLIPS COMPANY
08-279856DRAKE UNIT 4001HAug 2024CONOCOPHILLIPS COMPANYCONOCOPHILLIPS COMPANY
08-279856DRAKE UNIT 4001HJul 2024SALT CREEK MIDSTREAM, LLCCONOCOPHILLIPS COMPANY
08-279856DRAKE UNIT 4001HJul 2024DELAWARE BASIN MIDSTREAM LLCCONOCOPHILLIPS COMPANY
08-279856DRAKE UNIT 4001HJul 2024DELAWARE BASIN MIDSTREAM LLCCONOCOPHILLIPS COMPANY
08-279856DRAKE UNIT 4001HJul 2024TARGA MIDSTREAM SERVICES LLCCONOCOPHILLIPS COMPANY
08-279856DRAKE UNIT 4001HJul 2024CONOCOPHILLIPS COMPANYCONOCOPHILLIPS COMPANY
08-279856DRAKE UNIT 4001HJul 2024CONOCOPHILLIPS COMPANYCONOCOPHILLIPS COMPANY
08-279856DRAKE UNIT 4001HJun 2024SALT CREEK MIDSTREAM, LLCCONOCOPHILLIPS COMPANY
08-279856DRAKE UNIT 4001HJun 2024DELAWARE BASIN MIDSTREAM LLCCONOCOPHILLIPS COMPANY