SPINNING
SPINNING is a Texas oil lease in Garza County, Railroad Commission district 8A, operated by Powell Properties, Inc. It has 6 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 101,077 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 $90K, with roughly $17K 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 20 barrels a month, about 3 per wellbore. Its strongest month on the record we hold was March 2018, at 95 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 SPINNING
- Who operates SPINNING?
- SPINNING is operated by Powell Properties, Inc., Railroad Commission of Texas operator number 674200.
- Where is SPINNING?
- SPINNING is a Texas oil lease in Garza County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 62582.
- Is SPINNING still producing?
- SPINNING is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPINNING is August 2026.
- How much has SPINNING produced?
- SPINNING has reported 101,077 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 6 wellbores.
- How much is SPINNING worth?
- The remaining production from SPINNING is estimated to be worth about $90K in total as of 26 August 2026, within a range of $50K to $131K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPINNING is a fraction of it. The estimate fits an Arps decline curve to the production SPINNING has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPINNING is an estimate of value, not an offer and not an appraisal.
- How much income does SPINNING generate in a year?
- SPINNING is forecast to net about $17K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SPINNING receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Powell Properties, Inc. |
|---|---|
| Field | Rocker -A-, NW (Glorieta) |
| County | Garza County, Texas |
| RRC district | 8A |
| Lease number | 62582 |
| Wellbores | 6 |
| Reported production | 101,077 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $90K |
Where SPINNING 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.