LOVELL IV
LOVELL IV is a Texas gas lease in Houston County, Railroad Commission district 06, operated by Chesapeake Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 2007 to August 2026, totalling 2,892,044 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 $2K, with roughly $2K 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 1,312 thousand cubic feet a month. Its strongest month on the record we hold was December 2020, at 8,646 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 LOVELL IV
- Who operates LOVELL IV?
- LOVELL IV is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is LOVELL IV?
- LOVELL IV is a Texas gas lease in Houston County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 232513.
- Is LOVELL IV still producing?
- LOVELL IV is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LOVELL IV is August 2026.
- How much has LOVELL IV produced?
- LOVELL IV has reported 2,892,044 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2007 and August 2026, from 1 wellbore.
- How much is LOVELL IV worth?
- The remaining production from LOVELL IV is estimated to be worth about $2K in total as of 27 August 2026, within a range of $2K to $3K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LOVELL IV is a fraction of it. The estimate fits an Arps decline curve to the production LOVELL IV has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LOVELL IV is an estimate of value, not an offer and not an appraisal.
- How much income does LOVELL IV generate in a year?
- LOVELL IV is forecast to net about $2K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in LOVELL IV receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, Inc. |
|---|---|
| Field | Decker Switch (Pettit) |
| County | Houston County, Texas |
| RRC district | 06 |
| Lease number | 232513 |
| Wellbores | 1 |
| Reported production | 2,892,044 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $2K |
Where LOVELL IV 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.