LEONA "166"
LEONA "166" is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Mcena Inc. It has 3 wellbores on file with the Commission. Reported production runs from November 1995 to August 2026, totalling 39,608 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 $450K, with roughly $77K 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 75 barrels a month, about 25 per wellbore. Its strongest month on the record we hold was May 2016, at 314 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 LEONA "166"
- Who operates LEONA "166"?
- LEONA "166" is operated by Mcena Inc., Railroad Commission of Texas operator number 548640.
- Where is LEONA "166"?
- LEONA "166" is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 14053.
- Is LEONA "166" still producing?
- LEONA "166" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LEONA "166" is August 2026.
- How much has LEONA "166" produced?
- LEONA "166" has reported 39,608 barrels of oil (bbl) to the Railroad Commission of Texas between November 1995 and August 2026, from 3 wellbores.
- How much is LEONA "166" worth?
- The remaining production from LEONA "166" is estimated to be worth about $450K in total as of 27 August 2026, within a range of $247K to $652K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LEONA "166" is a fraction of it. The estimate fits an Arps decline curve to the production LEONA "166" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LEONA "166" is an estimate of value, not an offer and not an appraisal.
- How much income does LEONA "166" generate in a year?
- LEONA "166" is forecast to net about $77K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in LEONA "166" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mcena Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 14053 |
| Wellbores | 3 |
| Reported production | 39,608 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $450K |
Where LEONA "166" 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.