JP TRUST 76 LIP
JP TRUST 76 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 February 2013 to August 2026, totalling 217,402 thousand cubic feet. The lease is intermittent. 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 $3K, with roughly $420 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 754 thousand cubic feet a month. Its strongest month on the record we hold was May 2017, at 3,917 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% 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 JP TRUST 76 LIP
- Who operates JP TRUST 76 LIP?
- JP TRUST 76 LIP is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is JP TRUST 76 LIP?
- JP TRUST 76 LIP is a Texas gas lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 270164.
- Is JP TRUST 76 LIP still producing?
- JP TRUST 76 LIP is intermittent. The most recent month of production reported to the Railroad Commission of Texas for JP TRUST 76 LIP is August 2026.
- How much has JP TRUST 76 LIP produced?
- JP TRUST 76 LIP has reported 217,402 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2013 and August 2026, from 1 wellbore.
- How much is JP TRUST 76 LIP worth?
- The remaining production from JP TRUST 76 LIP is estimated to be worth about $3K in total as of 26 August 2026, within a range of $3K to $4K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JP TRUST 76 LIP is a fraction of it. The estimate fits an Arps decline curve to the production JP TRUST 76 LIP has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JP TRUST 76 LIP is an estimate of value, not an offer and not an appraisal.
- How much income does JP TRUST 76 LIP generate in a year?
- JP TRUST 76 LIP is forecast to net about $420 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JP TRUST 76 LIP receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, Inc. |
|---|---|
| Field | Lipscomb (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 270164 |
| Wellbores | 1 |
| Reported production | 217,402 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $3K |
Where JP TRUST 76 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.