TEXAS SPUR
TEXAS SPUR is a Texas oil lease in Dickens County, Railroad Commission district 8A, operated by Gunn Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from October 2010 to August 2026, totalling 60,466 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 $208K, with roughly $40K 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 43 barrels a month. Its strongest month on the record we hold was August 2019, at 247 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 TEXAS SPUR
- Who operates TEXAS SPUR?
- TEXAS SPUR is operated by Gunn Oil Company, Railroad Commission of Texas operator number 339493.
- Where is TEXAS SPUR?
- TEXAS SPUR is a Texas oil lease in Dickens County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 69642.
- Is TEXAS SPUR still producing?
- TEXAS SPUR is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TEXAS SPUR is August 2026.
- How much has TEXAS SPUR produced?
- TEXAS SPUR has reported 60,466 barrels of oil (bbl) to the Railroad Commission of Texas between October 2010 and August 2026, from 1 wellbore.
- How much is TEXAS SPUR worth?
- The remaining production from TEXAS SPUR is estimated to be worth about $208K in total as of 26 August 2026, within a range of $115K to $302K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TEXAS SPUR is a fraction of it. The estimate fits an Arps decline curve to the production TEXAS SPUR has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TEXAS SPUR is an estimate of value, not an offer and not an appraisal.
- How much income does TEXAS SPUR generate in a year?
- TEXAS SPUR is forecast to net about $40K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in TEXAS SPUR receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gunn Oil Company |
|---|---|
| Field | Spur Lake (Tannehill) |
| County | Dickens County, Texas |
| RRC district | 8A |
| Lease number | 69642 |
| Wellbores | 1 |
| Reported production | 60,466 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $208K |
Where TEXAS SPUR 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.