STRIKE TWO
STRIKE TWO is a Texas gas lease in Karnes County, Railroad Commission district 02, operated by CB Energy, LLC. It has 1 wellbore on file with the Commission. Reported production runs from August 2000 to August 2026, totalling 2,240,097 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 $24K, with roughly $14K 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 560 thousand cubic feet a month. Its strongest month on the record we hold was June 2018, at 7,248 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 STRIKE TWO
- Who operates STRIKE TWO?
- STRIKE TWO is operated by CB Energy, LLC, Railroad Commission of Texas operator number 119856.
- Where is STRIKE TWO?
- STRIKE TWO is a Texas gas lease in Karnes County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 179407.
- Is STRIKE TWO still producing?
- STRIKE TWO is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STRIKE TWO is August 2026.
- How much has STRIKE TWO produced?
- STRIKE TWO has reported 2,240,097 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2000 and August 2026, from 1 wellbore.
- How much is STRIKE TWO worth?
- The remaining production from STRIKE TWO is estimated to be worth about $24K in total as of 26 August 2026, within a range of $19K to $30K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STRIKE TWO is a fraction of it. The estimate fits an Arps decline curve to the production STRIKE TWO has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STRIKE TWO is an estimate of value, not an offer and not an appraisal.
- How much income does STRIKE TWO generate in a year?
- STRIKE TWO is forecast to net about $14K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STRIKE TWO receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | CB Energy, LLC |
|---|---|
| Field | Choate, S. (Wilcox 8500) |
| County | Karnes County, Texas |
| RRC district | 02 |
| Lease number | 179407 |
| Wellbores | 1 |
| Reported production | 2,240,097 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $24K |
Where STRIKE TWO 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.