WEST GATE
WEST GATE 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 August 2008 to August 2026, totalling 1,735,677 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 $635K, with roughly $102K 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 4,366 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 12,514 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 WEST GATE
- Who operates WEST GATE?
- WEST GATE is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is WEST GATE?
- WEST GATE is a Texas gas lease in Tarrant County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 244029.
- Is WEST GATE still producing?
- WEST GATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WEST GATE is August 2026.
- How much has WEST GATE produced?
- WEST GATE has reported 1,735,677 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2008 and August 2026, from 1 wellbore.
- How much is WEST GATE worth?
- The remaining production from WEST GATE is estimated to be worth about $635K in total as of 26 August 2026, within a range of $527K to $743K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WEST GATE is a fraction of it. The estimate fits an Arps decline curve to the production WEST GATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WEST GATE is an estimate of value, not an offer and not an appraisal.
- How much income does WEST GATE generate in a year?
- WEST GATE is forecast to net about $102K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WEST GATE 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 | 244029 |
| Wellbores | 1 |
| Reported production | 1,735,677 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $635K |
Where WEST GATE 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.