SPF
SPF is a Texas oil lease in Cooke County, Railroad Commission district 09, operated by Atoka Operating, Inc. It has 2 wellbores on file with the Commission. Reported production runs from October 2013 to August 2026, totalling 44,630 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 $503K, with roughly $97K 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 134 barrels a month, about 67 per wellbore. Its strongest month on the record we hold was February 2024, at 519 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 SPF
- Who operates SPF?
- SPF is operated by Atoka Operating, Inc., Railroad Commission of Texas operator number 036606.
- Where is SPF?
- SPF is a Texas oil lease in Cooke County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 32711.
- Is SPF still producing?
- SPF is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPF is August 2026.
- How much has SPF produced?
- SPF has reported 44,630 barrels of oil (bbl) to the Railroad Commission of Texas between October 2013 and August 2026, from 2 wellbores.
- How much is SPF worth?
- The remaining production from SPF is estimated to be worth about $503K in total as of 26 August 2026, within a range of $392K to $614K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPF is a fraction of it. The estimate fits an Arps decline curve to the production SPF has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPF is an estimate of value, not an offer and not an appraisal.
- How much income does SPF generate in a year?
- SPF is forecast to net about $97K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SPF receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Atoka Operating, Inc. |
|---|---|
| Field | Ranbalm (Strawn 6300) |
| County | Cooke County, Texas |
| RRC district | 09 |
| Lease number | 32711 |
| Wellbores | 2 |
| Reported production | 44,630 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $503K |
Where SPF 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.