GORBET
GORBET is a Texas gas lease in Grimes County, Railroad Commission district 03, operated by Chesapeake Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from June 1994 to August 2026, totalling 8,756,041 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 $388K, with roughly $64K 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 2,319 thousand cubic feet a month. Its strongest month on the record we hold was January 2017, at 6,024 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 GORBET
- Who operates GORBET?
- GORBET is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is GORBET?
- GORBET is a Texas gas lease in Grimes County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 150973.
- Is GORBET still producing?
- GORBET is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GORBET is August 2026.
- How much has GORBET produced?
- GORBET has reported 8,756,041 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 1994 and August 2026, from 1 wellbore.
- How much is GORBET worth?
- The remaining production from GORBET is estimated to be worth about $388K in total as of 26 August 2026, within a range of $322K to $454K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GORBET is a fraction of it. The estimate fits an Arps decline curve to the production GORBET has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GORBET is an estimate of value, not an offer and not an appraisal.
- How much income does GORBET generate in a year?
- GORBET is forecast to net about $64K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GORBET 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 | Grimes County, Texas |
| RRC district | 03 |
| Lease number | 150973 |
| Wellbores | 1 |
| Reported production | 8,756,041 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $388K |
Where GORBET 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.