Hi, Jason -
I wish I could help, but instead this is a Me Too post. After 8 hours of running Drainage Line, I finally got to Adjoint Catchment, got the same Null error and see the same Null values in the Catchment layer. Sigh.
Too bad, as I was trying ArcHydro 1.4 because 1.3 also failed in Adjoint Catchment, but didn't throw an error, just returned an empty shapefile. So tantalizingly close to actually generating watersheds.
Does anyone know of any other tools out there that will delineate multiple, often nested watersheds at a time accurately given a point outlet layer? ArcSWAT seems to merge the resulting basins together, so you don't get a separate one for each outlet if they're nested or adjacent. AGWA only lets you do one at a time, and since I'm trying (fruitlessly) to generate watersheds for all of the major dams in the world, I want to do them in batch.
~ Stacie