KAY
KAY is a Texas oil lease in Fayette County, Railroad Commission district 03, operated by Chesapeake Operating, Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 205,733 barrels. 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 $787K, with roughly $136K 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 131 barrels a month, about 65 per wellbore. Its strongest month on the record we hold was May 2022, at 206 barrels. 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 KAY
- Who operates KAY?
- KAY is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is KAY?
- KAY is a Texas oil lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 17089.
- Is KAY still producing?
- KAY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KAY is August 2026.
- How much has KAY produced?
- KAY has reported 205,733 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is KAY worth?
- The remaining production from KAY is estimated to be worth about $787K in total as of 26 August 2026, within a range of $614K to $960K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KAY is a fraction of it. The estimate fits an Arps decline curve to the production KAY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KAY is an estimate of value, not an offer and not an appraisal.
- How much income does KAY generate in a year?
- KAY is forecast to net about $136K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in KAY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, Inc. |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 17089 |
| Wellbores | 2 |
| Reported production | 205,733 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $787K |
Where KAY 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.