WATERFIELD 16
WATERFIELD 16 is a Texas gas lease in Hemphill County, Railroad Commission district 10, operated by Chesapeake Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from August 2008 to August 2026, totalling 737,000 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 $158K, with roughly $31K 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 1,470 thousand cubic feet a month. Its strongest month on the record we hold was July 2016, at 2,784 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 WATERFIELD 16
- Who operates WATERFIELD 16?
- WATERFIELD 16 is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is WATERFIELD 16?
- WATERFIELD 16 is a Texas gas lease in Hemphill County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 241388.
- Is WATERFIELD 16 still producing?
- WATERFIELD 16 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WATERFIELD 16 is August 2026.
- How much has WATERFIELD 16 produced?
- WATERFIELD 16 has reported 737,000 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2008 and August 2026, from 1 wellbore.
- How much is WATERFIELD 16 worth?
- The remaining production from WATERFIELD 16 is estimated to be worth about $158K in total as of 27 August 2026, within a range of $131K to $184K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WATERFIELD 16 is a fraction of it. The estimate fits an Arps decline curve to the production WATERFIELD 16 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WATERFIELD 16 is an estimate of value, not an offer and not an appraisal.
- How much income does WATERFIELD 16 generate in a year?
- WATERFIELD 16 is forecast to net about $31K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WATERFIELD 16 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, Inc. |
|---|---|
| Field | Buffalo Wallow (Granite Wash) |
| County | Hemphill County, Texas |
| RRC district | 10 |
| Lease number | 241388 |
| Wellbores | 1 |
| Reported production | 737,000 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $158K |
Where WATERFIELD 16 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.