COWBOY
COWBOY 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 October 2012 to August 2026, totalling 5,489,326 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 $2.3M, with roughly $351K 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 15,576 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 44,355 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 COWBOY
- Who operates COWBOY?
- COWBOY is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is COWBOY?
- COWBOY is a Texas gas lease in Johnson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 268236.
- Is COWBOY still producing?
- COWBOY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COWBOY is August 2026.
- How much has COWBOY produced?
- COWBOY has reported 5,489,326 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2012 and August 2026, from 1 wellbore.
- How much is COWBOY worth?
- The remaining production from COWBOY is estimated to be worth about $2.3M in total as of 26 August 2026, within a range of $1.9M to $2.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COWBOY is a fraction of it. The estimate fits an Arps decline curve to the production COWBOY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COWBOY is an estimate of value, not an offer and not an appraisal.
- How much income does COWBOY generate in a year?
- COWBOY is forecast to net about $351K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COWBOY 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 | 268236 |
| Wellbores | 1 |
| Reported production | 5,489,326 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.3M |
Where COWBOY 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.