WATERS
WATERS 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 2011 to August 2026, totalling 1,164,477 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 $651K, with roughly $121K 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 2,105 thousand cubic feet a month. Its strongest month on the record we hold was March 2017, at 10,449 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 WATERS
- Who operates WATERS?
- WATERS is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is WATERS?
- WATERS is a Texas gas lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 263486.
- Is WATERS still producing?
- WATERS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WATERS is August 2026.
- How much has WATERS produced?
- WATERS has reported 1,164,477 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2011 and August 2026, from 1 wellbore.
- How much is WATERS worth?
- The remaining production from WATERS is estimated to be worth about $651K in total as of 26 August 2026, within a range of $540K to $761K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WATERS is a fraction of it. The estimate fits an Arps decline curve to the production WATERS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WATERS is an estimate of value, not an offer and not an appraisal.
- How much income does WATERS generate in a year?
- WATERS is forecast to net about $121K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WATERS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, Inc. |
|---|---|
| Field | Lipscomb (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 263486 |
| Wellbores | 1 |
| Reported production | 1,164,477 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $651K |
Where WATERS 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.