MR. OTIS
MR. OTIS is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Sponte Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from February 2023 to August 2026, totalling 6,680,249 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 $7.4M, with roughly $2.0M 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 129,123 thousand cubic feet a month. Its strongest month on the record we hold was March 2024, at 506,329 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 MR. OTIS
- Who operates MR. OTIS?
- MR. OTIS is operated by Sponte Operating, Inc., Railroad Commission of Texas operator number 810277.
- Where is MR. OTIS?
- MR. OTIS is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 296664.
- Is MR. OTIS still producing?
- MR. OTIS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MR. OTIS is August 2026.
- How much has MR. OTIS produced?
- MR. OTIS has reported 6,680,249 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2023 and August 2026, from 1 wellbore.
- How much is MR. OTIS worth?
- The remaining production from MR. OTIS is estimated to be worth about $7.4M in total as of 26 August 2026, within a range of $6.1M to $8.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MR. OTIS is a fraction of it. The estimate fits an Arps decline curve to the production MR. OTIS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MR. OTIS is an estimate of value, not an offer and not an appraisal.
- How much income does MR. OTIS generate in a year?
- MR. OTIS is forecast to net about $2.0M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MR. OTIS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sponte Operating, Inc. |
|---|---|
| Field | Carthage (Haynesville Shale) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 296664 |
| Wellbores | 1 |
| Reported production | 6,680,249 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.4M |
Where MR. OTIS 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.