DUTY
DUTY is a Texas gas lease in Cherokee County, Railroad Commission district 06, operated by Chesapeake Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from April 2009 to August 2026, totalling 110,864 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 $16K, with roughly $2K 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 84 thousand cubic feet a month. Its strongest month on the record we hold was August 2016, at 409 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 45% 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 DUTY
- Who operates DUTY?
- DUTY is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is DUTY?
- DUTY is a Texas gas lease in Cherokee County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 247034.
- Is DUTY still producing?
- DUTY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DUTY is August 2026.
- How much has DUTY produced?
- DUTY has reported 110,864 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 2009 and August 2026, from 1 wellbore.
- How much is DUTY worth?
- The remaining production from DUTY is estimated to be worth about $16K in total as of 26 August 2026, within a range of $9K to $24K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DUTY is a fraction of it. The estimate fits an Arps decline curve to the production DUTY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DUTY is an estimate of value, not an offer and not an appraisal.
- How much income does DUTY generate in a year?
- DUTY is forecast to net about $2K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DUTY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, Inc. |
|---|---|
| Field | Decker Switch (Travis Peak) |
| County | Cherokee County, Texas |
| RRC district | 06 |
| Lease number | 247034 |
| Wellbores | 1 |
| Reported production | 110,864 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $16K |
Where DUTY 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.