SPECK 1
SPECK 1 is a Texas oil lease in Dawson County, Railroad Commission district 08, operated by Element Petro Operating II, LLC. It has 2 wellbores on file with the Commission. Reported production runs from October 2011 to August 2026, totalling 120,032 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 $667K, with roughly $128K 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 129 barrels a month, about 65 per wellbore. Its strongest month on the record we hold was March 2017, at 742 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 SPECK 1
- Who operates SPECK 1?
- SPECK 1 is operated by Element Petro Operating II, LLC, Railroad Commission of Texas operator number 247685.
- Where is SPECK 1?
- SPECK 1 is a Texas oil lease in Dawson County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 42004.
- Is SPECK 1 still producing?
- SPECK 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPECK 1 is August 2026.
- How much has SPECK 1 produced?
- SPECK 1 has reported 120,032 barrels of oil (bbl) to the Railroad Commission of Texas between October 2011 and August 2026, from 2 wellbores.
- How much is SPECK 1 worth?
- The remaining production from SPECK 1 is estimated to be worth about $667K in total as of 26 August 2026, within a range of $520K to $814K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPECK 1 is a fraction of it. The estimate fits an Arps decline curve to the production SPECK 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPECK 1 is an estimate of value, not an offer and not an appraisal.
- How much income does SPECK 1 generate in a year?
- SPECK 1 is forecast to net about $128K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SPECK 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Element Petro Operating II, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Dawson County, Texas |
| RRC district | 08 |
| Lease number | 42004 |
| Wellbores | 2 |
| Reported production | 120,032 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $667K |
Where SPECK 1 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.