LAS OVEJAS-STATE
LAS OVEJAS-STATE is a Texas gas lease in Zapata County, Railroad Commission district 04, operated by Chesapeake Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from March 2005 to August 2026, totalling 4,441,956 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 $661K, with roughly $117K 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 5,266 thousand cubic feet a month. Its strongest month on the record we hold was July 2016, at 9,160 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 LAS OVEJAS-STATE
- Who operates LAS OVEJAS-STATE?
- LAS OVEJAS-STATE is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is LAS OVEJAS-STATE?
- LAS OVEJAS-STATE is a Texas gas lease in Zapata County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 213328.
- Is LAS OVEJAS-STATE still producing?
- LAS OVEJAS-STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LAS OVEJAS-STATE is August 2026.
- How much has LAS OVEJAS-STATE produced?
- LAS OVEJAS-STATE has reported 4,441,956 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2005 and August 2026, from 1 wellbore.
- How much is LAS OVEJAS-STATE worth?
- The remaining production from LAS OVEJAS-STATE is estimated to be worth about $661K in total as of 27 August 2026, within a range of $548K to $773K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LAS OVEJAS-STATE is a fraction of it. The estimate fits an Arps decline curve to the production LAS OVEJAS-STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LAS OVEJAS-STATE is an estimate of value, not an offer and not an appraisal.
- How much income does LAS OVEJAS-STATE generate in a year?
- LAS OVEJAS-STATE is forecast to net about $117K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in LAS OVEJAS-STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, Inc. |
|---|---|
| Field | Jennings Ranch (Lobo Cons.) |
| County | Zapata County, Texas |
| RRC district | 04 |
| Lease number | 213328 |
| Wellbores | 1 |
| Reported production | 4,441,956 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $661K |
Where LAS OVEJAS-STATE 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.