TERREL 1036 LIP
TERREL 1036 LIP is a Texas gas lease in Lipscomb County, Railroad Commission district 10, operated by Chesapeake Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from September 2012 to August 2026, totalling 384,284 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 $189K, with roughly $56K 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 1,239 thousand cubic feet a month. Its strongest month on the record we hold was October 2024, at 3,777 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 TERREL 1036 LIP
- Who operates TERREL 1036 LIP?
- TERREL 1036 LIP is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is TERREL 1036 LIP?
- TERREL 1036 LIP is a Texas gas lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 269713.
- Is TERREL 1036 LIP still producing?
- TERREL 1036 LIP is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TERREL 1036 LIP is August 2026.
- How much has TERREL 1036 LIP produced?
- TERREL 1036 LIP has reported 384,284 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2012 and August 2026, from 1 wellbore.
- How much is TERREL 1036 LIP worth?
- The remaining production from TERREL 1036 LIP is estimated to be worth about $189K in total as of 27 August 2026, within a range of $157K to $221K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TERREL 1036 LIP is a fraction of it. The estimate fits an Arps decline curve to the production TERREL 1036 LIP has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TERREL 1036 LIP is an estimate of value, not an offer and not an appraisal.
- How much income does TERREL 1036 LIP generate in a year?
- TERREL 1036 LIP is forecast to net about $56K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in TERREL 1036 LIP receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, Inc. |
|---|---|
| Field | Kiowa Creek (Marmaton) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 269713 |
| Wellbores | 1 |
| Reported production | 384,284 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $189K |
Where TERREL 1036 LIP 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.