FEDERAL -161-
FEDERAL -161- is a Texas gas lease in Hemphill County, Railroad Commission district 10, operated by Makar Production Company. It has 1 wellbore on file with the Commission. Reported production runs from September 2022 to August 2026, totalling 2,536 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 $25K, with roughly $3K 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 95 thousand cubic feet a month. Its strongest month on the record we hold was November 2025, at 456 thousand cubic feet. 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 FEDERAL -161-
- Who operates FEDERAL -161-?
- FEDERAL -161- is operated by Makar Production Company, Railroad Commission of Texas operator number 522986.
- Where is FEDERAL -161-?
- FEDERAL -161- is a Texas gas lease in Hemphill County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 293261.
- Is FEDERAL -161- still producing?
- FEDERAL -161- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FEDERAL -161- is August 2026.
- How much has FEDERAL -161- produced?
- FEDERAL -161- has reported 2,536 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2022 and August 2026, from 1 wellbore.
- How much is FEDERAL -161- worth?
- The remaining production from FEDERAL -161- is estimated to be worth about $25K in total as of 27 August 2026, within a range of $14K to $37K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FEDERAL -161- is a fraction of it. The estimate fits an Arps decline curve to the production FEDERAL -161- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FEDERAL -161- is an estimate of value, not an offer and not an appraisal.
- How much income does FEDERAL -161- generate in a year?
- FEDERAL -161- is forecast to net about $3K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in FEDERAL -161- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Makar Production Company |
|---|---|
| Field | Mathers Ranch (Tonkawa) |
| County | Hemphill County, Texas |
| RRC district | 10 |
| Lease number | 293261 |
| Wellbores | 1 |
| Reported production | 2,536 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $25K |
Where FEDERAL -161- 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.