LAX
LAX is a Texas gas lease in Wheeler County, Railroad Commission district 10, operated by Questa Energy Corporation. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 74,658 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 $14K, with roughly $2K 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 31 thousand cubic feet a month. Its strongest month on the record we hold was August 2019, at 168 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 LAX
- Who operates LAX?
- LAX is operated by Questa Energy Corporation, Railroad Commission of Texas operator number 684634.
- Where is LAX?
- LAX is a Texas gas lease in Wheeler County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 033865.
- Is LAX still producing?
- LAX is intermittent. The most recent month of production reported to the Railroad Commission of Texas for LAX is August 2026.
- How much has LAX produced?
- LAX has reported 74,658 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is LAX worth?
- The remaining production from LAX is estimated to be worth about $14K in total as of 27 August 2026, within a range of $8K to $21K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LAX is a fraction of it. The estimate fits an Arps decline curve to the production LAX has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LAX is an estimate of value, not an offer and not an appraisal.
- How much income does LAX generate in a year?
- LAX is forecast to net about $2K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in LAX receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Questa Energy Corporation |
|---|---|
| Field | Panhandle, East |
| County | Wheeler County, Texas |
| RRC district | 10 |
| Lease number | 033865 |
| Wellbores | 1 |
| Reported production | 74,658 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $14K |
Where LAX 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.