KEESE UNIT
KEESE UNIT is a Texas gas lease in Denton County, Railroad Commission district 09, operated by Chief Oil & Gas LLC *. It has 1 wellbore on file with the Commission. Reported production runs from August 2005 to August 2026, totalling 1,561,317 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 $3K, with roughly $3K 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 1,024 thousand cubic feet a month. Its strongest month on the record we hold was October 2019, at 8,516 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 KEESE UNIT
- Who operates KEESE UNIT?
- KEESE UNIT is operated by Chief Oil & Gas LLC *, Railroad Commission of Texas operator number 148219.
- Where is KEESE UNIT?
- KEESE UNIT is a Texas gas lease in Denton County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 212155.
- Is KEESE UNIT still producing?
- KEESE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KEESE UNIT is August 2026.
- How much has KEESE UNIT produced?
- KEESE UNIT has reported 1,561,317 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2005 and August 2026, from 1 wellbore.
- How much is KEESE UNIT worth?
- The remaining production from KEESE UNIT 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 KEESE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production KEESE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KEESE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does KEESE UNIT generate in a year?
- KEESE UNIT is forecast to net about $3K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in KEESE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chief Oil & Gas LLC * |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Denton County, Texas |
| RRC district | 09 |
| Lease number | 212155 |
| Wellbores | 1 |
| Reported production | 1,561,317 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $3K |
Where KEESE UNIT 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.