COUNTISS PS3
COUNTISS PS3 is a Texas oil lease in Mcmullen County, Railroad Commission district 01, operated by Chesapeake Operating, L.L.C. It has 1 wellbore on file with the Commission. Reported production runs from January 2017 to August 2026, totalling 320,755 barrels. 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 $1.3M, with roughly $318K 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 473 barrels a month. Its strongest month on the record we hold was February 2017, at 33,972 barrels. 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 COUNTISS PS3
- Who operates COUNTISS PS3?
- COUNTISS PS3 is operated by Chesapeake Operating, L.L.C., Railroad Commission of Texas operator number 147699.
- Where is COUNTISS PS3?
- COUNTISS PS3 is a Texas oil lease in Mcmullen County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 18937.
- Is COUNTISS PS3 still producing?
- COUNTISS PS3 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COUNTISS PS3 is August 2026.
- How much has COUNTISS PS3 produced?
- COUNTISS PS3 has reported 320,755 barrels of oil (bbl) to the Railroad Commission of Texas between January 2017 and August 2026, from 1 wellbore.
- How much is COUNTISS PS3 worth?
- The remaining production from COUNTISS PS3 is estimated to be worth about $1.3M in total as of 26 August 2026, within a range of $977K to $1.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COUNTISS PS3 is a fraction of it. The estimate fits an Arps decline curve to the production COUNTISS PS3 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COUNTISS PS3 is an estimate of value, not an offer and not an appraisal.
- How much income does COUNTISS PS3 generate in a year?
- COUNTISS PS3 is forecast to net about $318K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COUNTISS PS3 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, L.L.C. |
|---|---|
| Field | Eagleville (Eagle Ford-1) |
| County | Mcmullen County, Texas |
| RRC district | 01 |
| Lease number | 18937 |
| Wellbores | 1 |
| Reported production | 320,755 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.3M |
Where COUNTISS PS3 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.