JAF
JAF is a Texas gas lease in Freestone County, Railroad Commission district 05, operated by Chesapeake Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from December 2008 to August 2026, totalling 3,285,785 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 $1.3M, with roughly $197K 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 9,546 thousand cubic feet a month. Its strongest month on the record we hold was December 2018, at 19,719 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 JAF
- Who operates JAF?
- JAF is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is JAF?
- JAF is a Texas gas lease in Freestone County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 250790.
- Is JAF still producing?
- JAF is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JAF is August 2026.
- How much has JAF produced?
- JAF has reported 3,285,785 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 2008 and August 2026, from 1 wellbore.
- How much is JAF worth?
- The remaining production from JAF is estimated to be worth about $1.3M in total as of 27 August 2026, within a range of $1.1M to $1.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JAF is a fraction of it. The estimate fits an Arps decline curve to the production JAF has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JAF is an estimate of value, not an offer and not an appraisal.
- How much income does JAF generate in a year?
- JAF is forecast to net about $197K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in JAF receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, Inc. |
|---|---|
| Field | Dowdy Ranch (Cotton Valley) |
| County | Freestone County, Texas |
| RRC district | 05 |
| Lease number | 250790 |
| Wellbores | 1 |
| Reported production | 3,285,785 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.3M |
Where JAF 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.