SPENCE, R.Q.
SPENCE, R.Q. is a Texas oil lease in Nolan County, Railroad Commission district 7B, operated by Hunt Oil Company. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 63,610 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 $15K, with roughly $3K expected over the next twelve months.
| Operator | Hunt Oil Company |
|---|---|
| Field | R.Q.S. (Ellenburger) |
| County | Nolan County, Texas |
| RRC district | 7B |
| Lease number | 22400 |
| Wellbores | 2 |
| Reported production | 63,610 bbl |
| First reported | January 1993 |
| Last reported | August 2026 |
| Estimated royalty value | $15K |
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.