OLEX U. S.
OLEX U. S. is a Texas gas lease in Denton County, Railroad Commission district 09, operated by Spindletop Oil & Gas Company. It has 1 wellbore on file with the Commission. Reported production runs from April 2007 to August 2026, totalling 853,187 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 a standard royalty share at about $7K, with roughly $1K expected over the next twelve months.
| Operator | Spindletop Oil & Gas Company |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Denton County, Texas |
| RRC district | 09 |
| Lease number | 227877 |
| Wellbores | 1 |
| Reported production | 853,187 mcf |
| First reported | April 2007 |
| Last reported | August 2026 |
| Estimated royalty value | $7K |
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.