CHIPSHOT
CHIPSHOT is a Texas gas lease in Johnson County, Railroad Commission district 09, operated by Chesapeake Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from April 2007 to August 2026, totalling 2,229,289 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 $575K, with roughly $87K 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 4,691 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 6,759 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 CHIPSHOT
- Who operates CHIPSHOT?
- CHIPSHOT is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is CHIPSHOT?
- CHIPSHOT is a Texas gas lease in Johnson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 228672.
- Is CHIPSHOT still producing?
- CHIPSHOT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHIPSHOT is August 2026.
- How much has CHIPSHOT produced?
- CHIPSHOT has reported 2,229,289 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 2007 and August 2026, from 1 wellbore.
- How much is CHIPSHOT worth?
- The remaining production from CHIPSHOT is estimated to be worth about $575K in total as of 26 August 2026, within a range of $477K to $672K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHIPSHOT is a fraction of it. The estimate fits an Arps decline curve to the production CHIPSHOT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHIPSHOT is an estimate of value, not an offer and not an appraisal.
- How much income does CHIPSHOT generate in a year?
- CHIPSHOT is forecast to net about $87K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CHIPSHOT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, Inc. |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Johnson County, Texas |
| RRC district | 09 |
| Lease number | 228672 |
| Wellbores | 1 |
| Reported production | 2,229,289 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $575K |
Where CHIPSHOT 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.