LEXA
LEXA is a Texas gas lease in Hansford County, Railroad Commission district 10, operated by Phillips Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 311,926 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 $119K, with roughly $18K 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 812 thousand cubic feet a month. Its strongest month on the record we hold was December 2019, at 1,297 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% 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 LEXA
- Who operates LEXA?
- LEXA is operated by Phillips Petroleum Company, Railroad Commission of Texas operator number 663680.
- Where is LEXA?
- LEXA is a Texas gas lease in Hansford County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 027646.
- Is LEXA still producing?
- LEXA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LEXA is August 2026.
- How much has LEXA produced?
- LEXA has reported 311,926 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is LEXA worth?
- The remaining production from LEXA is estimated to be worth about $119K in total as of 26 August 2026, within a range of $93K to $145K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LEXA is a fraction of it. The estimate fits an Arps decline curve to the production LEXA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LEXA is an estimate of value, not an offer and not an appraisal.
- How much income does LEXA generate in a year?
- LEXA is forecast to net about $18K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LEXA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Phillips Petroleum Company |
|---|---|
| Field | Texas Hugoton |
| County | Hansford County, Texas |
| RRC district | 10 |
| Lease number | 027646 |
| Wellbores | 1 |
| Reported production | 311,926 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $119K |
Where LEXA 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.