TUBB PROPERITES 246 LIP
TUBB PROPERITES 246 LIP is a Texas gas lease in Lipscomb County, Railroad Commission district 10, operated by Chesapeake Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from June 2012 to August 2026, totalling 337,083 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 $699K, with roughly $137K 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 1,692 thousand cubic feet a month. Its strongest month on the record we hold was January 2017, at 3,791 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 TUBB PROPERITES 246 LIP
- Who operates TUBB PROPERITES 246 LIP?
- TUBB PROPERITES 246 LIP is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is TUBB PROPERITES 246 LIP?
- TUBB PROPERITES 246 LIP is a Texas gas lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 267895.
- Is TUBB PROPERITES 246 LIP still producing?
- TUBB PROPERITES 246 LIP is intermittent. The most recent month of production reported to the Railroad Commission of Texas for TUBB PROPERITES 246 LIP is August 2026.
- How much has TUBB PROPERITES 246 LIP produced?
- TUBB PROPERITES 246 LIP has reported 337,083 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2012 and August 2026, from 1 wellbore.
- How much is TUBB PROPERITES 246 LIP worth?
- The remaining production from TUBB PROPERITES 246 LIP is estimated to be worth about $699K in total as of 27 August 2026, within a range of $580K to $817K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TUBB PROPERITES 246 LIP is a fraction of it. The estimate fits an Arps decline curve to the production TUBB PROPERITES 246 LIP has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TUBB PROPERITES 246 LIP is an estimate of value, not an offer and not an appraisal.
- How much income does TUBB PROPERITES 246 LIP generate in a year?
- TUBB PROPERITES 246 LIP is forecast to net about $137K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in TUBB PROPERITES 246 LIP receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, Inc. |
|---|---|
| Field | Lipscomb, S.E. (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 267895 |
| Wellbores | 1 |
| Reported production | 337,083 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $699K |
Where TUBB PROPERITES 246 LIP 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.