SPEAR, IRENE L.
SPEAR, IRENE L. is a Texas gas lease in Zapata County, Railroad Commission district 04, operated by Conocophillips Company. It has 1 wellbore on file with the Commission. Reported production runs from November 2002 to August 2026, totalling 288,582 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 $46K, with roughly $7K 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 308 thousand cubic feet a month. Its strongest month on the record we hold was November 2023, at 1,345 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 SPEAR, IRENE L.
- Who operates SPEAR, IRENE L.?
- SPEAR, IRENE L. is operated by Conocophillips Company, Railroad Commission of Texas operator number 172232.
- Where is SPEAR, IRENE L.?
- SPEAR, IRENE L. is a Texas gas lease in Zapata County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 192471.
- Is SPEAR, IRENE L. still producing?
- SPEAR, IRENE L. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPEAR, IRENE L. is August 2026.
- How much has SPEAR, IRENE L. produced?
- SPEAR, IRENE L. has reported 288,582 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2002 and August 2026, from 1 wellbore.
- How much is SPEAR, IRENE L. worth?
- The remaining production from SPEAR, IRENE L. is estimated to be worth about $46K in total as of 27 August 2026, within a range of $36K to $56K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPEAR, IRENE L. is a fraction of it. The estimate fits an Arps decline curve to the production SPEAR, IRENE L. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPEAR, IRENE L. is an estimate of value, not an offer and not an appraisal.
- How much income does SPEAR, IRENE L. generate in a year?
- SPEAR, IRENE L. is forecast to net about $7K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SPEAR, IRENE L. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Conocophillips Company |
|---|---|
| Field | La Perla (Lobo Cons.) |
| County | Zapata County, Texas |
| RRC district | 04 |
| Lease number | 192471 |
| Wellbores | 1 |
| Reported production | 288,582 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $46K |
Where SPEAR, IRENE L. 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.