RICHESON
RICHESON 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 2008 to August 2026, totalling 1,208,978 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 $279K, with roughly $63K 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 2,719 thousand cubic feet a month. Its strongest month on the record we hold was July 2022, at 7,404 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 RICHESON
- Who operates RICHESON?
- RICHESON is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is RICHESON?
- RICHESON is a Texas gas lease in Johnson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 243277.
- Is RICHESON still producing?
- RICHESON is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RICHESON is August 2026.
- How much has RICHESON produced?
- RICHESON has reported 1,208,978 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 2008 and August 2026, from 1 wellbore.
- How much is RICHESON worth?
- The remaining production from RICHESON is estimated to be worth about $279K in total as of 26 August 2026, within a range of $231K to $326K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RICHESON is a fraction of it. The estimate fits an Arps decline curve to the production RICHESON has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RICHESON is an estimate of value, not an offer and not an appraisal.
- How much income does RICHESON generate in a year?
- RICHESON is forecast to net about $63K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RICHESON 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 | 243277 |
| Wellbores | 1 |
| Reported production | 1,208,978 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $279K |
Where RICHESON 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.