LIPS, CHARLES -G-
LIPS, CHARLES -G- is a Texas gas lease in Roberts County, Railroad Commission district 10, operated by Devon Energy Corporation(Nevada). It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 4,562,867 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 $1.4M, with roughly $215K 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 10,178 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 12,934 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 LIPS, CHARLES -G-
- Who operates LIPS, CHARLES -G-?
- LIPS, CHARLES -G- is operated by Devon Energy Corporation(Nevada), Railroad Commission of Texas operator number 216735.
- Where is LIPS, CHARLES -G-?
- LIPS, CHARLES -G- is a Texas gas lease in Roberts County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 022336.
- Is LIPS, CHARLES -G- still producing?
- LIPS, CHARLES -G- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LIPS, CHARLES -G- is August 2026.
- How much has LIPS, CHARLES -G- produced?
- LIPS, CHARLES -G- has reported 4,562,867 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is LIPS, CHARLES -G- worth?
- The remaining production from LIPS, CHARLES -G- is estimated to be worth about $1.4M in total as of 27 August 2026, within a range of $1.1M to $1.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LIPS, CHARLES -G- is a fraction of it. The estimate fits an Arps decline curve to the production LIPS, CHARLES -G- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LIPS, CHARLES -G- is an estimate of value, not an offer and not an appraisal.
- How much income does LIPS, CHARLES -G- generate in a year?
- LIPS, CHARLES -G- is forecast to net about $215K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in LIPS, CHARLES -G- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Devon Energy Corporation(Nevada) |
|---|---|
| Field | Lips (Morrow) |
| County | Roberts County, Texas |
| RRC district | 10 |
| Lease number | 022336 |
| Wellbores | 1 |
| Reported production | 4,562,867 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.4M |
Where LIPS, CHARLES -G- 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.