FAIRFAX
FAIRFAX is a Texas gas lease in Hemphill County, Railroad Commission district 10, operated by Mewbourne Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from March 2008 to August 2026, totalling 488,968 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 $163K, with roughly $28K 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 873 thousand cubic feet a month. Its strongest month on the record we hold was March 2017, at 1,554 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 FAIRFAX
- Who operates FAIRFAX?
- FAIRFAX is operated by Mewbourne Oil Company, Railroad Commission of Texas operator number 562560.
- Where is FAIRFAX?
- FAIRFAX is a Texas gas lease in Hemphill County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 235668.
- Is FAIRFAX still producing?
- FAIRFAX is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FAIRFAX is August 2026.
- How much has FAIRFAX produced?
- FAIRFAX has reported 488,968 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2008 and August 2026, from 1 wellbore.
- How much is FAIRFAX worth?
- The remaining production from FAIRFAX is estimated to be worth about $163K in total as of 26 August 2026, within a range of $127K to $198K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FAIRFAX is a fraction of it. The estimate fits an Arps decline curve to the production FAIRFAX has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FAIRFAX is an estimate of value, not an offer and not an appraisal.
- How much income does FAIRFAX generate in a year?
- FAIRFAX is forecast to net about $28K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FAIRFAX receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mewbourne Oil Company |
|---|---|
| Field | Canadian, SW. (Granite Wash) |
| County | Hemphill County, Texas |
| RRC district | 10 |
| Lease number | 235668 |
| Wellbores | 1 |
| Reported production | 488,968 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $163K |
Where FAIRFAX 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.