REX
REX is a Texas gas lease in Hansford County, Railroad Commission district 10, operated by Mcnic Oil & Gas Midcontinent,Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1997 to August 2026, totalling 469,387 thousand cubic feet. The lease is intermittent. 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 $62K, with roughly $14K 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 642 thousand cubic feet a month. Its strongest month on the record we hold was March 2025, at 1,301 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 REX
- Who operates REX?
- REX is operated by Mcnic Oil & Gas Midcontinent,Inc, Railroad Commission of Texas operator number 555469.
- Where is REX?
- REX is a Texas gas lease in Hansford County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 164233.
- Is REX still producing?
- REX is intermittent. The most recent month of production reported to the Railroad Commission of Texas for REX is August 2026.
- How much has REX produced?
- REX has reported 469,387 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1997 and August 2026, from 1 wellbore.
- How much is REX worth?
- The remaining production from REX is estimated to be worth about $62K in total as of 26 August 2026, within a range of $48K to $75K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in REX is a fraction of it. The estimate fits an Arps decline curve to the production REX has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for REX is an estimate of value, not an offer and not an appraisal.
- How much income does REX generate in a year?
- REX is forecast to net about $14K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in REX receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mcnic Oil & Gas Midcontinent,Inc |
|---|---|
| Field | Lips, West (Cleveland) |
| County | Hansford County, Texas |
| RRC district | 10 |
| Lease number | 164233 |
| Wellbores | 1 |
| Reported production | 469,387 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $62K |
Where REX 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.