CHIEF-PENT
CHIEF-PENT is a Texas gas lease in Wise County, Railroad Commission district 09, operated by Devon Energy Production Co, L.P. It has 1 wellbore on file with the Commission. Reported production runs from September 2008 to August 2026, totalling 3,247,587 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 $776K, with roughly $145K 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 6,870 thousand cubic feet a month. Its strongest month on the record we hold was January 2022, at 21,895 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 CHIEF-PENT
- Who operates CHIEF-PENT?
- CHIEF-PENT is operated by Devon Energy Production Co, L.P., Railroad Commission of Texas operator number 216378.
- Where is CHIEF-PENT?
- CHIEF-PENT is a Texas gas lease in Wise County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 244549.
- Is CHIEF-PENT still producing?
- CHIEF-PENT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHIEF-PENT is August 2026.
- How much has CHIEF-PENT produced?
- CHIEF-PENT has reported 3,247,587 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2008 and August 2026, from 1 wellbore.
- How much is CHIEF-PENT worth?
- The remaining production from CHIEF-PENT is estimated to be worth about $776K in total as of 26 August 2026, within a range of $644K to $908K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHIEF-PENT is a fraction of it. The estimate fits an Arps decline curve to the production CHIEF-PENT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHIEF-PENT is an estimate of value, not an offer and not an appraisal.
- How much income does CHIEF-PENT generate in a year?
- CHIEF-PENT is forecast to net about $145K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CHIEF-PENT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Devon Energy Production Co, L.P. |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Wise County, Texas |
| RRC district | 09 |
| Lease number | 244549 |
| Wellbores | 1 |
| Reported production | 3,247,587 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $776K |
Where CHIEF-PENT 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.