HERONE
HERONE is a Texas gas lease in Shelby County, Railroad Commission district 06, operated by Chesapeake Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from July 2010 to August 2026, totalling 1,104,215 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 $706K, with roughly $107K 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 5,622 thousand cubic feet a month. Its strongest month on the record we hold was July 2025, at 11,192 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 HERONE
- Who operates HERONE?
- HERONE is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is HERONE?
- HERONE is a Texas gas lease in Shelby County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 258002.
- Is HERONE still producing?
- HERONE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HERONE is August 2026.
- How much has HERONE produced?
- HERONE has reported 1,104,215 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2010 and August 2026, from 1 wellbore.
- How much is HERONE worth?
- The remaining production from HERONE is estimated to be worth about $706K in total as of 27 August 2026, within a range of $586K to $826K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HERONE is a fraction of it. The estimate fits an Arps decline curve to the production HERONE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HERONE is an estimate of value, not an offer and not an appraisal.
- How much income does HERONE generate in a year?
- HERONE is forecast to net about $107K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HERONE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, Inc. |
|---|---|
| Field | Carthage (Haynesville Shale) |
| County | Shelby County, Texas |
| RRC district | 06 |
| Lease number | 258002 |
| Wellbores | 1 |
| Reported production | 1,104,215 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $706K |
Where HERONE 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.