SAPPHIRE UNIT
SAPPHIRE UNIT is a Texas gas lease in Fayette County, Railroad Commission district 03, operated by Chesapeake Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from July 1994 to August 2026, totalling 3,170,018 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 $103K, with roughly $70K 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 3,550 thousand cubic feet a month. Its strongest month on the record we hold was February 2024, at 10,266 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 SAPPHIRE UNIT
- Who operates SAPPHIRE UNIT?
- SAPPHIRE UNIT is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is SAPPHIRE UNIT?
- SAPPHIRE UNIT is a Texas gas lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 150849.
- Is SAPPHIRE UNIT still producing?
- SAPPHIRE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SAPPHIRE UNIT is August 2026.
- How much has SAPPHIRE UNIT produced?
- SAPPHIRE UNIT has reported 3,170,018 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 1994 and August 2026, from 1 wellbore.
- How much is SAPPHIRE UNIT worth?
- The remaining production from SAPPHIRE UNIT is estimated to be worth about $103K in total as of 26 August 2026, within a range of $86K to $121K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SAPPHIRE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SAPPHIRE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SAPPHIRE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SAPPHIRE UNIT generate in a year?
- SAPPHIRE UNIT is forecast to net about $70K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SAPPHIRE UNIT 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, Gas) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 150849 |
| Wellbores | 1 |
| Reported production | 3,170,018 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $103K |
Where SAPPHIRE 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.