SPEER
SPEER is a Texas oil lease in Stephens County, Railroad Commission district 7B, operated by Rainbow Seven Oil & Gas, Inc. It has 1 wellbore on file with the Commission. Reported production runs from December 2004 to August 2026, totalling 13,324 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 $2K, with roughly $386 expected over the next twelve months.
| Operator | Rainbow Seven Oil & Gas, Inc. |
|---|---|
| Field | Caddo (Duffer) |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 29547 |
| Wellbores | 1 |
| Reported production | 13,324 bbl |
| First reported | December 2004 |
| Last reported | August 2026 |
| Estimated royalty value | $2K |
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.