BAY
BAY is a Texas gas lease in Grimes County, Railroad Commission district 03, operated by Chesapeake Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from July 1995 to August 2026, totalling 5,522,536 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 $385K, with roughly $69K 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 3,140 thousand cubic feet a month. Its strongest month on the record we hold was March 2018, at 7,897 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 BAY
- Who operates BAY?
- BAY is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is BAY?
- BAY is a Texas gas lease in Grimes County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 155684.
- Is BAY still producing?
- BAY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BAY is August 2026.
- How much has BAY produced?
- BAY has reported 5,522,536 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 1995 and August 2026, from 1 wellbore.
- How much is BAY worth?
- The remaining production from BAY is estimated to be worth about $385K in total as of 26 August 2026, within a range of $319K to $450K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BAY is a fraction of it. The estimate fits an Arps decline curve to the production BAY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BAY is an estimate of value, not an offer and not an appraisal.
- How much income does BAY generate in a year?
- BAY is forecast to net about $69K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BAY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, Inc. |
|---|---|
| Field | Giddings (Austin Chalk, Gas) |
| County | Grimes County, Texas |
| RRC district | 03 |
| Lease number | 155684 |
| Wellbores | 1 |
| Reported production | 5,522,536 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $385K |
Where BAY 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.