SPIRES, L. R.
SPIRES, L. R. is a Texas gas lease in Nolan County, Railroad Commission district 7B, operated by Bimini Oil & Gas. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 376,057 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 $139K, with roughly $21K 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 330 thousand cubic feet a month. Its strongest month on the record we hold was April 2026, at 872 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 SPIRES, L. R.
- Who operates SPIRES, L. R.?
- SPIRES, L. R. is operated by Bimini Oil & Gas, Railroad Commission of Texas operator number 070894.
- Where is SPIRES, L. R.?
- SPIRES, L. R. is a Texas gas lease in Nolan County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 056107.
- Is SPIRES, L. R. still producing?
- SPIRES, L. R. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPIRES, L. R. is August 2026.
- How much has SPIRES, L. R. produced?
- SPIRES, L. R. has reported 376,057 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is SPIRES, L. R. worth?
- The remaining production from SPIRES, L. R. is estimated to be worth about $139K in total as of 26 August 2026, within a range of $109K to $170K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPIRES, L. R. is a fraction of it. The estimate fits an Arps decline curve to the production SPIRES, L. R. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPIRES, L. R. is an estimate of value, not an offer and not an appraisal.
- How much income does SPIRES, L. R. generate in a year?
- SPIRES, L. R. is forecast to net about $21K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SPIRES, L. R. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bimini Oil & Gas |
|---|---|
| Field | Nena Lucia (Strawn Reef) |
| County | Nolan County, Texas |
| RRC district | 7B |
| Lease number | 056107 |
| Wellbores | 1 |
| Reported production | 376,057 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $139K |
Where SPIRES, L. R. 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.