SPEAR
SPEAR is a Texas gas lease in Gregg County, Railroad Commission district 06, operated by Sonat Exploration Company -Tyler. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,408,655 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 $91K, with roughly $14K 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 591 thousand cubic feet a month. Its strongest month on the record we hold was March 2017, at 6,830 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
- Who operates SPEAR?
- SPEAR is operated by Sonat Exploration Company -Tyler, Railroad Commission of Texas operator number 801642.
- Where is SPEAR?
- SPEAR is a Texas gas lease in Gregg County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 142911.
- Is SPEAR still producing?
- SPEAR is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPEAR is August 2026.
- How much has SPEAR produced?
- SPEAR has reported 1,408,655 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is SPEAR worth?
- The remaining production from SPEAR is estimated to be worth about $91K in total as of 27 August 2026, within a range of $71K to $111K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPEAR is a fraction of it. The estimate fits an Arps decline curve to the production SPEAR has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPEAR is an estimate of value, not an offer and not an appraisal.
- How much income does SPEAR generate in a year?
- SPEAR is forecast to net about $14K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SPEAR receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sonat Exploration Company -Tyler |
|---|---|
| Field | Willow Springs (Cotton Valley,W) |
| County | Gregg County, Texas |
| RRC district | 06 |
| Lease number | 142911 |
| Wellbores | 1 |
| Reported production | 1,408,655 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $91K |
Where SPEAR 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.