SPENCER GAS UNIT #1
SPENCER GAS UNIT #1 is a Texas gas lease in Upshur County, Railroad Commission district 06, operated by Mcbee Operating Company, L.L.C. It has 1 wellbore on file with the Commission. Reported production runs from September 2008 to August 2026, totalling 617,103 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 $155K, with roughly $35K 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 1,021 thousand cubic feet a month. Its strongest month on the record we hold was July 2018, at 2,343 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 Operating Company, L.L.C., Railroad Commission of Texas operator number 537718.
- 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 244441.
- 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 617,103 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2008 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 $155K in total as of 26 August 2026, within a range of $129K to $181K. 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 $35K 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 Operating Company, L.L.C. |
|---|---|
| Field | Rosewood (Cotton Valley) |
| County | Upshur County, Texas |
| RRC district | 06 |
| Lease number | 244441 |
| Wellbores | 1 |
| Reported production | 617,103 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $155K |
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.