SPRINGER 10-23 W/2 UNIT
SPRINGER 10-23 W/2 UNIT is a Texas oil lease in Winkler County, Railroad Commission district 08, operated by Apache Corporation. It has 2 wellbores on file with the Commission. Reported production runs from February 2015 to August 2026, totalling 369,168 barrels. 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 $933K, with roughly $172K 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 180 barrels a month, about 90 per wellbore. Its strongest month on the record we hold was May 2016, at 19,416 barrels. 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 SPRINGER 10-23 W/2 UNIT
- Who operates SPRINGER 10-23 W/2 UNIT?
- SPRINGER 10-23 W/2 UNIT is operated by Apache Corporation, Railroad Commission of Texas operator number 027200.
- Where is SPRINGER 10-23 W/2 UNIT?
- SPRINGER 10-23 W/2 UNIT is a Texas oil lease in Winkler County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 46786.
- Is SPRINGER 10-23 W/2 UNIT still producing?
- SPRINGER 10-23 W/2 UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPRINGER 10-23 W/2 UNIT is August 2026.
- How much has SPRINGER 10-23 W/2 UNIT produced?
- SPRINGER 10-23 W/2 UNIT has reported 369,168 barrels of oil (bbl) to the Railroad Commission of Texas between February 2015 and August 2026, from 2 wellbores.
- How much is SPRINGER 10-23 W/2 UNIT worth?
- The remaining production from SPRINGER 10-23 W/2 UNIT is estimated to be worth about $933K in total as of 27 August 2026, within a range of $728K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPRINGER 10-23 W/2 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SPRINGER 10-23 W/2 UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPRINGER 10-23 W/2 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SPRINGER 10-23 W/2 UNIT generate in a year?
- SPRINGER 10-23 W/2 UNIT is forecast to net about $172K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SPRINGER 10-23 W/2 UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apache Corporation |
|---|---|
| Field | F. A. Hogg (Penn Detrital) |
| County | Winkler County, Texas |
| RRC district | 08 |
| Lease number | 46786 |
| Wellbores | 2 |
| Reported production | 369,168 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $933K |
Where SPRINGER 10-23 W/2 UNIT 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.