SPEARMAN, RUTH
SPEARMAN, RUTH is a Texas gas lease in Gray County, Railroad Commission district 10, operated by Jones Energy, Ltd. It has 1 wellbore on file with the Commission. Reported production runs from February 1994 to August 2026, totalling 1,401,766 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 $369K, with roughly $56K 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 2,395 thousand cubic feet a month. Its strongest month on the record we hold was December 2017, at 4,624 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 SPEARMAN, RUTH
- Who operates SPEARMAN, RUTH?
- SPEARMAN, RUTH is operated by Jones Energy, Ltd., Railroad Commission of Texas operator number 441129.
- Where is SPEARMAN, RUTH?
- SPEARMAN, RUTH is a Texas gas lease in Gray County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 150069.
- Is SPEARMAN, RUTH still producing?
- SPEARMAN, RUTH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPEARMAN, RUTH is August 2026.
- How much has SPEARMAN, RUTH produced?
- SPEARMAN, RUTH has reported 1,401,766 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 1994 and August 2026, from 1 wellbore.
- How much is SPEARMAN, RUTH worth?
- The remaining production from SPEARMAN, RUTH is estimated to be worth about $369K in total as of 27 August 2026, within a range of $306K to $432K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPEARMAN, RUTH is a fraction of it. The estimate fits an Arps decline curve to the production SPEARMAN, RUTH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPEARMAN, RUTH is an estimate of value, not an offer and not an appraisal.
- How much income does SPEARMAN, RUTH generate in a year?
- SPEARMAN, RUTH is forecast to net about $56K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SPEARMAN, RUTH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Jones Energy, Ltd. |
|---|---|
| Field | Hoover, Ne. (Chase) |
| County | Gray County, Texas |
| RRC district | 10 |
| Lease number | 150069 |
| Wellbores | 1 |
| Reported production | 1,401,766 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $369K |
Where SPEARMAN, RUTH 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.