KINCAID 103
KINCAID 103 is a Texas gas lease in Hemphill County, Railroad Commission district 10, operated by Le Norman Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from November 2015 to August 2026, totalling 166,465 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 $566K, with roughly $131K 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 780 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 2,871 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 KINCAID 103
- Who operates KINCAID 103?
- KINCAID 103 is operated by Le Norman Operating LLC, Railroad Commission of Texas operator number 491579.
- Where is KINCAID 103?
- KINCAID 103 is a Texas gas lease in Hemphill County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 278953.
- Is KINCAID 103 still producing?
- KINCAID 103 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KINCAID 103 is August 2026.
- How much has KINCAID 103 produced?
- KINCAID 103 has reported 166,465 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2015 and August 2026, from 1 wellbore.
- How much is KINCAID 103 worth?
- The remaining production from KINCAID 103 is estimated to be worth about $566K in total as of 27 August 2026, within a range of $442K to $691K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KINCAID 103 is a fraction of it. The estimate fits an Arps decline curve to the production KINCAID 103 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KINCAID 103 is an estimate of value, not an offer and not an appraisal.
- How much income does KINCAID 103 generate in a year?
- KINCAID 103 is forecast to net about $131K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in KINCAID 103 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Le Norman Operating LLC |
|---|---|
| Field | Lipscomb, S.E. (Cleveland) |
| County | Hemphill County, Texas |
| RRC district | 10 |
| Lease number | 278953 |
| Wellbores | 1 |
| Reported production | 166,465 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $566K |
Where KINCAID 103 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.