CHOATE
CHOATE is a Texas gas lease in Live Oak County, Railroad Commission district 02, operated by Continental Operating Co. It has 1 wellbore on file with the Commission. Reported production runs from September 2008 to August 2026, totalling 4,035,041 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 $1.2M, with roughly $274K 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 6,940 thousand cubic feet a month. Its strongest month on the record we hold was June 2016, at 17,344 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 CHOATE
- Who operates CHOATE?
- CHOATE is operated by Continental Operating Co., Railroad Commission of Texas operator number 173749.
- Where is CHOATE?
- CHOATE is a Texas gas lease in Live Oak County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 240597.
- Is CHOATE still producing?
- CHOATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHOATE is August 2026.
- How much has CHOATE produced?
- CHOATE has reported 4,035,041 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2008 and August 2026, from 1 wellbore.
- How much is CHOATE worth?
- The remaining production from CHOATE is estimated to be worth about $1.2M in total as of 27 August 2026, within a range of $1.0M to $1.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHOATE is a fraction of it. The estimate fits an Arps decline curve to the production CHOATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHOATE is an estimate of value, not an offer and not an appraisal.
- How much income does CHOATE generate in a year?
- CHOATE is forecast to net about $274K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CHOATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Continental Operating Co. |
|---|---|
| Field | Goebel, North (Wilcox 7200) |
| County | Live Oak County, Texas |
| RRC district | 02 |
| Lease number | 240597 |
| Wellbores | 1 |
| Reported production | 4,035,041 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.2M |
Where CHOATE 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.