BELL, MILES
BELL, MILES is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Chesapeake Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from September 2007 to August 2026, totalling 504,221 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 $187K, with roughly $35K 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 1,592 thousand cubic feet a month. Its strongest month on the record we hold was January 2023, at 2,298 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 BELL, MILES
- Who operates BELL, MILES?
- BELL, MILES is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is BELL, MILES?
- BELL, MILES is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 232439.
- Is BELL, MILES still producing?
- BELL, MILES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BELL, MILES is August 2026.
- How much has BELL, MILES produced?
- BELL, MILES has reported 504,221 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2007 and August 2026, from 1 wellbore.
- How much is BELL, MILES worth?
- The remaining production from BELL, MILES is estimated to be worth about $187K in total as of 26 August 2026, within a range of $156K to $219K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BELL, MILES is a fraction of it. The estimate fits an Arps decline curve to the production BELL, MILES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BELL, MILES is an estimate of value, not an offer and not an appraisal.
- How much income does BELL, MILES generate in a year?
- BELL, MILES is forecast to net about $35K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BELL, MILES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, Inc. |
|---|---|
| Field | Bethany, East (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 232439 |
| Wellbores | 1 |
| Reported production | 504,221 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $187K |
Where BELL, MILES 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.