SPENCER GAS UNIT #1
SPENCER GAS UNIT #1 is a Texas gas lease in Upshur County, Railroad Commission district 06, operated by Mcbee Company, The. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 835,405 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 $221K, with roughly $45K 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 1,270 thousand cubic feet a month. Its strongest month on the record we hold was March 2017, at 2,488 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 SPENCER GAS UNIT #1
- Who operates SPENCER GAS UNIT #1?
- SPENCER GAS UNIT #1 is operated by Mcbee Company, The, Railroad Commission of Texas operator number 537442.
- Where is SPENCER GAS UNIT #1?
- SPENCER GAS UNIT #1 is a Texas gas lease in Upshur County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 099237.
- Is SPENCER GAS UNIT #1 still producing?
- SPENCER GAS UNIT #1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPENCER GAS UNIT #1 is August 2026.
- How much has SPENCER GAS UNIT #1 produced?
- SPENCER GAS UNIT #1 has reported 835,405 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is SPENCER GAS UNIT #1 worth?
- The remaining production from SPENCER GAS UNIT #1 is estimated to be worth about $221K in total as of 26 August 2026, within a range of $184K to $259K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPENCER GAS UNIT #1 is a fraction of it. The estimate fits an Arps decline curve to the production SPENCER GAS UNIT #1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPENCER GAS UNIT #1 is an estimate of value, not an offer and not an appraisal.
- How much income does SPENCER GAS UNIT #1 generate in a year?
- SPENCER GAS UNIT #1 is forecast to net about $45K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SPENCER GAS UNIT #1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mcbee Company, The |
|---|---|
| Field | Rosewood (Cotton Valley) |
| County | Upshur County, Texas |
| RRC district | 06 |
| Lease number | 099237 |
| Wellbores | 1 |
| Reported production | 835,405 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $221K |
Where SPENCER GAS UNIT #1 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.