SPENCE, OLA EST. ET AL UNIT
SPENCE, OLA EST. ET AL UNIT is a Texas oil lease in Rusk County, Railroad Commission district 06, operated by Sonat Exploration Company -Tyler. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 252,679 barrels. 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 $14K, with roughly $3K expected over the next twelve months.
| Operator | Sonat Exploration Company -Tyler |
|---|---|
| Field | Good Springs, W. (Woodbine) |
| County | Rusk County, Texas |
| RRC district | 06 |
| Lease number | 05500 |
| Wellbores | 1 |
| Reported production | 252,679 bbl |
| First reported | January 1993 |
| Last reported | August 2026 |
| Estimated royalty value | $14K |
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.