RICE
RICE is a Texas oil lease in Montague County, Railroad Commission district 09, operated by Southwestern Energy Prod. Co. It has 1 wellbore on file with the Commission. Reported production runs from June 1996 to August 2026, totalling 59,628 barrels. 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 $181K, with roughly $35K 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 57 barrels a month. Its strongest month on the record we hold was January 2017, at 160 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 RICE
- Who operates RICE?
- RICE is operated by Southwestern Energy Prod. Co., Railroad Commission of Texas operator number 806668.
- Where is RICE?
- RICE is a Texas oil lease in Montague County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 29165.
- Is RICE still producing?
- RICE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RICE is August 2026.
- How much has RICE produced?
- RICE has reported 59,628 barrels of oil (bbl) to the Railroad Commission of Texas between June 1996 and August 2026, from 1 wellbore.
- How much is RICE worth?
- The remaining production from RICE is estimated to be worth about $181K in total as of 26 August 2026, within a range of $100K to $262K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RICE is a fraction of it. The estimate fits an Arps decline curve to the production RICE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RICE is an estimate of value, not an offer and not an appraisal.
- How much income does RICE generate in a year?
- RICE is forecast to net about $35K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RICE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Southwestern Energy Prod. Co. |
|---|---|
| Field | Clingingsmith (Basal Congl.) |
| County | Montague County, Texas |
| RRC district | 09 |
| Lease number | 29165 |
| Wellbores | 1 |
| Reported production | 59,628 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $181K |
Where RICE 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.