Texas oil lease

No report in 6+ months

SALT DRAW STATE 1 UNIT

Name: SALT DRAW STATE 1 UNIT monthly oil and gas production, Reeves County, Texas
Creator: Texas Railroad Commission

Salt Draw State 1 Unit is an oil lease in Reeves County, Texas, operated by Arete Creek Operating, LLC in the Phantom (Wolfcamp) field.

3 wells

0bbl oil, last 12 months

Operator: Arete Creek Operating, LLC
County: Reeves County
Field: Phantom (Wolfcamp)
RRC lease: 08-60386

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Where it sits

This county

Reeves County

Oil in Aug 2025: 0 bbl
Reporting since: Jul 2023

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Operator
Operator changed: Arete Creek Operating, LLC took over from Oxbow Petroleum, LLC in Jun 2025.
P-5
The previous operator's P-5 registration is listed as inactive since Aug 25, 2025 (last P-5 filed Jan 30, 2025).
Buyer
Buyer changed: KINETIK HOLDINGS LP replaced ET GATHERING & PROCESSING LLC as the buyer of this lease's gas from oil wells on May 1, 2025.
Sales
No sales reported for the last 12 months of state data (through Jul 2026).

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

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Production by month

No production to chart

The state shows zero oil and zero gas for all 26 months we hold (Jul 2023 to Aug 2025). A lease that is shut in or newly reported looks like this. The ledger below lists each month.

Where the gas went

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

Who has run this lease

The operator changed once, most recently in Jun 2025

Arete Creek Operating, LLC Jun 2025 to now
Oxbow Petroleum, LLC Jul 2023 to May 2025

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

3 wells on this lease

Wells on SALT DRAW STATE 1 UNIT
API number	Well no.	Status
42-389-40350	1H	Active
42-389-40352	2H	Active
42-389-40353	3H	Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
Company	Product	Role	Share%	From	Until
Plains Marketing, L.p.	Oil	Gathers	100	Jul 15, 2023	–
Kinetik Holdings LP	Casinghead gas	Buys	100	May 1, 2025	–
Kinetik Holdings LP	Casinghead gas	Gathers	100	May 1, 2025	–
Energy Transfer Company	Casinghead gas	Gathers	100	Jul 15, 2023	May 1, 2025
Et Gathering & Processing LLC	Casinghead gas	Buys	100	Jul 15, 2023	May 1, 2025

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

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631.40 acres on the newest permit

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Permits for Salt Draw State 1 Unit
API number	Well no.	Permit issued	Completed	Acreson the permit	Type
42-389-40350	1H	Dec 8, 2022	Jul 15, 2023	631.40	Horizontal
42-389-40352	2H	Dec 8, 2022	Jul 16, 2023	631.40	Horizontal
42-389-40353	3H	Dec 8, 2022	Jul 17, 2023	631.40	Horizontal

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

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26 months, newest first

Ledger for SALT DRAW STATE 1 UNIT
Month	Operator	WTI$/bbl	Henry Hub$/MMBtu
Aug 2025Arete Creek	Arete Creek Operating, LLC	$64.86	$2.91
Jul 2025Arete Creek	Arete Creek Operating, LLC	$68.39	$3.20
Jun 2025Arete Creek	Arete Creek Operating, LLC	$68.17	$3.02
May 2025Oxbow Petroleum,	Oxbow Petroleum, LLC	$62.17	$3.12
Apr 2025Oxbow Petroleum,	Oxbow Petroleum, LLC	$63.54	$3.42
Mar 2025Oxbow Petroleum,	Oxbow Petroleum, LLC	$68.24	$4.12
Feb 2025Oxbow Petroleum,	Oxbow Petroleum, LLC	$71.53	$4.19
Jan 2025Oxbow Petroleum,	Oxbow Petroleum, LLC	$75.74	$4.13
Dec 2024Oxbow Petroleum,	Oxbow Petroleum, LLC	$70.12	$3.01
Nov 2024Oxbow Petroleum,	Oxbow Petroleum, LLC	$69.95	$2.12
Oct 2024Oxbow Petroleum,	Oxbow Petroleum, LLC	$71.99	$2.20
Sep 2024Oxbow Petroleum,	Oxbow Petroleum, LLC	$70.24	$2.28
Aug 2024Oxbow Petroleum,	Oxbow Petroleum, LLC	$76.68	$1.99
Jul 2024Oxbow Petroleum,	Oxbow Petroleum, LLC	$81.80	$2.07
Jun 2024Oxbow Petroleum,	Oxbow Petroleum, LLC	$79.77	$2.54
May 2024Oxbow Petroleum,	Oxbow Petroleum, LLC	$80.02	$2.12
Apr 2024Oxbow Petroleum,	Oxbow Petroleum, LLC	$85.35	$1.60
Mar 2024Oxbow Petroleum,	Oxbow Petroleum, LLC	$81.28	$1.49
Feb 2024Oxbow Petroleum,	Oxbow Petroleum, LLC	$77.25	$1.72
Jan 2024Oxbow Petroleum,	Oxbow Petroleum, LLC	$74.15	$3.18
Dec 2023Oxbow Petroleum,	Oxbow Petroleum, LLC	$71.90	$2.52
Nov 2023Oxbow Petroleum,	Oxbow Petroleum, LLC	$77.69	$2.71
Oct 2023Oxbow Petroleum,	Oxbow Petroleum, LLC	$85.64	$2.98
Sep 2023Oxbow Petroleum,	Oxbow Petroleum, LLC	$89.43	$2.64
Aug 2023Oxbow Petroleum,	Oxbow Petroleum, LLC	$81.39	$2.58
Jul 2023Oxbow Petroleum,	Oxbow Petroleum, LLC	$76.07	$2.55

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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