COLBY
COLBY is a Texas gas lease in Tarrant County, Railroad Commission district 09, operated by Chesapeake Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from May 2011 to August 2026, totalling 3,081,074 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 $1.9M, with roughly $356K 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 16,376 thousand cubic feet a month. Its strongest month on the record we hold was February 2024, at 33,955 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 COLBY
- Who operates COLBY?
- COLBY is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is COLBY?
- COLBY is a Texas gas lease in Tarrant County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 260927.
- Is COLBY still producing?
- COLBY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COLBY is August 2026.
- How much has COLBY produced?
- COLBY has reported 3,081,074 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2011 and August 2026, from 1 wellbore.
- How much is COLBY worth?
- The remaining production from COLBY is estimated to be worth about $1.9M in total as of 27 August 2026, within a range of $1.6M to $2.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COLBY is a fraction of it. The estimate fits an Arps decline curve to the production COLBY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COLBY is an estimate of value, not an offer and not an appraisal.
- How much income does COLBY generate in a year?
- COLBY is forecast to net about $356K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in COLBY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, Inc. |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Tarrant County, Texas |
| RRC district | 09 |
| Lease number | 260927 |
| Wellbores | 1 |
| Reported production | 3,081,074 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.9M |
Where COLBY 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.