SPICER, A. P.
SPICER, A. P. is a Texas gas lease in Hansford County, Railroad Commission district 10, operated by Maxus Exploration Company. It has 1 wellbore on file with the Commission. Reported production runs from September 1994 to August 2026, totalling 354,662 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 $86K, with roughly $13K 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 533 thousand cubic feet a month. Its strongest month on the record we hold was December 2016, at 882 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 SPICER, A. P.
- Who operates SPICER, A. P.?
- SPICER, A. P. is operated by Maxus Exploration Company, Railroad Commission of Texas operator number 534237.
- Where is SPICER, A. P.?
- SPICER, A. P. is a Texas gas lease in Hansford County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 151712.
- Is SPICER, A. P. still producing?
- SPICER, A. P. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPICER, A. P. is August 2026.
- How much has SPICER, A. P. produced?
- SPICER, A. P. has reported 354,662 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 1994 and August 2026, from 1 wellbore.
- How much is SPICER, A. P. worth?
- The remaining production from SPICER, A. P. is estimated to be worth about $86K in total as of 27 August 2026, within a range of $67K to $104K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPICER, A. P. is a fraction of it. The estimate fits an Arps decline curve to the production SPICER, A. P. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPICER, A. P. is an estimate of value, not an offer and not an appraisal.
- How much income does SPICER, A. P. generate in a year?
- SPICER, A. P. is forecast to net about $13K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SPICER, A. P. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Maxus Exploration Company |
|---|---|
| Field | Twin (Des Moines) |
| County | Hansford County, Texas |
| RRC district | 10 |
| Lease number | 151712 |
| Wellbores | 1 |
| Reported production | 354,662 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $86K |
Where SPICER, A. P. 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.