CLEBURNE PROPANE
CLEBURNE PROPANE is a Texas gas lease in Johnson County, Railroad Commission district 09, operated by Chesapeake Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from May 2010 to August 2026, totalling 3,004,375 thousand cubic feet. The lease is intermittent. 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 $916, with roughly $116 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 4 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 18,763 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 100% 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 CLEBURNE PROPANE
- Who operates CLEBURNE PROPANE?
- CLEBURNE PROPANE is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is CLEBURNE PROPANE?
- CLEBURNE PROPANE is a Texas gas lease in Johnson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 257611.
- Is CLEBURNE PROPANE still producing?
- CLEBURNE PROPANE is intermittent. The most recent month of production reported to the Railroad Commission of Texas for CLEBURNE PROPANE is August 2026.
- How much has CLEBURNE PROPANE produced?
- CLEBURNE PROPANE has reported 3,004,375 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2010 and August 2026, from 1 wellbore.
- How much is CLEBURNE PROPANE worth?
- The remaining production from CLEBURNE PROPANE is estimated to be worth about $916 in total as of 26 August 2026, within a range of $0 to $2K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CLEBURNE PROPANE is a fraction of it. The estimate fits an Arps decline curve to the production CLEBURNE PROPANE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CLEBURNE PROPANE is an estimate of value, not an offer and not an appraisal.
- How much income does CLEBURNE PROPANE generate in a year?
- CLEBURNE PROPANE is forecast to net about $116 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CLEBURNE PROPANE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, Inc. |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Johnson County, Texas |
| RRC district | 09 |
| Lease number | 257611 |
| Wellbores | 1 |
| Reported production | 3,004,375 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $916 |
Where CLEBURNE PROPANE 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.