Whisk peanut butter, water and honey in a bowl. After they form a paste, stir vigorously until creamy and there are no clumps.
Add oats and chocolate chips. Stir well. Oats should be evenly coated with peanut-honey mixture.
Let chill in the refrigerator for 15 minutes.
Take about 1 tablespoon of energy bite mixture and form into balls.