NICHOLSON
NICHOLSON is a Texas gas lease in Denton County, Railroad Commission district 09, operated by Chief Oil & Gas LLC *. It has 1 wellbore on file with the Commission. Reported production runs from November 2003 to August 2026, totalling 1,105,646 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 $331K, with roughly $50K 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 2,107 thousand cubic feet a month. Its strongest month on the record we hold was April 2022, at 3,975 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 NICHOLSON
- Who operates NICHOLSON?
- NICHOLSON is operated by Chief Oil & Gas LLC *, Railroad Commission of Texas operator number 148219.
- Where is NICHOLSON?
- NICHOLSON is a Texas gas lease in Denton County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 199004.
- Is NICHOLSON still producing?
- NICHOLSON is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NICHOLSON is August 2026.
- How much has NICHOLSON produced?
- NICHOLSON has reported 1,105,646 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2003 and August 2026, from 1 wellbore.
- How much is NICHOLSON worth?
- The remaining production from NICHOLSON is estimated to be worth about $331K in total as of 26 August 2026, within a range of $274K to $387K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NICHOLSON is a fraction of it. The estimate fits an Arps decline curve to the production NICHOLSON has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NICHOLSON is an estimate of value, not an offer and not an appraisal.
- How much income does NICHOLSON generate in a year?
- NICHOLSON is forecast to net about $50K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NICHOLSON receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chief Oil & Gas LLC * |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Denton County, Texas |
| RRC district | 09 |
| Lease number | 199004 |
| Wellbores | 1 |
| Reported production | 1,105,646 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $331K |
Where NICHOLSON 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.