CHESNUTT 02
CHESNUTT 02 is a Texas gas lease in Karnes County, Railroad Commission district 02, operated by Pioneer Natural Res. USA, Inc. It has 1 wellbore on file with the Commission. Reported production runs from July 2010 to August 2026, totalling 879,542 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 $51K, with roughly $17K 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 787 thousand cubic feet a month. Its strongest month on the record we hold was July 2016, at 2,911 thousand cubic feet. 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 CHESNUTT 02
- Who operates CHESNUTT 02?
- CHESNUTT 02 is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is CHESNUTT 02?
- CHESNUTT 02 is a Texas gas lease in Karnes County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 258430.
- Is CHESNUTT 02 still producing?
- CHESNUTT 02 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHESNUTT 02 is August 2026.
- How much has CHESNUTT 02 produced?
- CHESNUTT 02 has reported 879,542 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2010 and August 2026, from 1 wellbore.
- How much is CHESNUTT 02 worth?
- The remaining production from CHESNUTT 02 is estimated to be worth about $51K in total as of 27 August 2026, within a range of $40K to $62K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHESNUTT 02 is a fraction of it. The estimate fits an Arps decline curve to the production CHESNUTT 02 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHESNUTT 02 is an estimate of value, not an offer and not an appraisal.
- How much income does CHESNUTT 02 generate in a year?
- CHESNUTT 02 is forecast to net about $17K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CHESNUTT 02 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pioneer Natural Res. USA, Inc. |
|---|---|
| Field | Sugarkane (Eagle Ford) |
| County | Karnes County, Texas |
| RRC district | 02 |
| Lease number | 258430 |
| Wellbores | 1 |
| Reported production | 879,542 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $51K |
Where CHESNUTT 02 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.