PKF NORTH
PKF NORTH 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 June 2002 to August 2026, totalling 490,073 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 $260K, with roughly $40K 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 1,750 thousand cubic feet a month. Its strongest month on the record we hold was July 2016, at 2,863 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 PKF NORTH
- Who operates PKF NORTH?
- PKF NORTH is operated by Chief Oil & Gas LLC *, Railroad Commission of Texas operator number 148219.
- Where is PKF NORTH?
- PKF NORTH is a Texas gas lease in Denton County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 190057.
- Is PKF NORTH still producing?
- PKF NORTH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PKF NORTH is August 2026.
- How much has PKF NORTH produced?
- PKF NORTH has reported 490,073 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2002 and August 2026, from 1 wellbore.
- How much is PKF NORTH worth?
- The remaining production from PKF NORTH is estimated to be worth about $260K in total as of 26 August 2026, within a range of $215K to $304K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PKF NORTH is a fraction of it. The estimate fits an Arps decline curve to the production PKF NORTH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PKF NORTH is an estimate of value, not an offer and not an appraisal.
- How much income does PKF NORTH generate in a year?
- PKF NORTH is forecast to net about $40K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PKF NORTH 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 | 190057 |
| Wellbores | 1 |
| Reported production | 490,073 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $260K |
Where PKF NORTH 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.