SPECKELS OL UNIT
SPECKELS OL UNIT is a Texas gas lease in Fayette County, Railroad Commission district 03, operated by Union Pacific Resources Company. It has 1 wellbore on file with the Commission. Reported production runs from May 1993 to August 2026, totalling 9,513,273 thousand cubic feet. 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 $788K, with roughly $166K 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 4,087 thousand cubic feet a month. Its strongest month on the record we hold was May 2023, at 12,298 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 SPECKELS OL UNIT
- Who operates SPECKELS OL UNIT?
- SPECKELS OL UNIT is operated by Union Pacific Resources Company, Railroad Commission of Texas operator number 876645.
- Where is SPECKELS OL UNIT?
- SPECKELS OL UNIT is a Texas gas lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 145819.
- Is SPECKELS OL UNIT still producing?
- SPECKELS OL UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPECKELS OL UNIT is August 2026.
- How much has SPECKELS OL UNIT produced?
- SPECKELS OL UNIT has reported 9,513,273 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 1993 and August 2026, from 1 wellbore.
- How much is SPECKELS OL UNIT worth?
- The remaining production from SPECKELS OL UNIT is estimated to be worth about $788K in total as of 26 August 2026, within a range of $654K to $922K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPECKELS OL UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SPECKELS OL UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPECKELS OL UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SPECKELS OL UNIT generate in a year?
- SPECKELS OL UNIT is forecast to net about $166K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SPECKELS OL UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Pacific Resources Company |
|---|---|
| Field | Giddings (Austin Chalk, Gas) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 145819 |
| Wellbores | 1 |
| Reported production | 9,513,273 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $788K |
Where SPECKELS OL 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.