MITX-CENTEX UNIT 1
MITX-CENTEX UNIT 1 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 March 2008 to August 2026, totalling 3,917,955 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 $245K, with roughly $90K 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 5,441 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 17,549 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 MITX-CENTEX UNIT 1
- Who operates MITX-CENTEX UNIT 1?
- MITX-CENTEX UNIT 1 is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is MITX-CENTEX UNIT 1?
- MITX-CENTEX UNIT 1 is a Texas gas lease in Tarrant County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 239390.
- Is MITX-CENTEX UNIT 1 still producing?
- MITX-CENTEX UNIT 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MITX-CENTEX UNIT 1 is August 2026.
- How much has MITX-CENTEX UNIT 1 produced?
- MITX-CENTEX UNIT 1 has reported 3,917,955 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2008 and August 2026, from 1 wellbore.
- How much is MITX-CENTEX UNIT 1 worth?
- The remaining production from MITX-CENTEX UNIT 1 is estimated to be worth about $245K in total as of 26 August 2026, within a range of $203K to $287K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MITX-CENTEX UNIT 1 is a fraction of it. The estimate fits an Arps decline curve to the production MITX-CENTEX UNIT 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MITX-CENTEX UNIT 1 is an estimate of value, not an offer and not an appraisal.
- How much income does MITX-CENTEX UNIT 1 generate in a year?
- MITX-CENTEX UNIT 1 is forecast to net about $90K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MITX-CENTEX UNIT 1 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 | 239390 |
| Wellbores | 1 |
| Reported production | 3,917,955 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $245K |
Where MITX-CENTEX UNIT 1 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.