SPEARS-JACKSON-FORBES UNIT
SPEARS-JACKSON-FORBES UNIT is a Texas oil lease in Hardeman County, Railroad Commission district 09, operated by Kadane Corporation. It has 2 wellbores on file with the Commission. Reported production runs from January 1994 to August 2026, totalling 565,366 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 $165K, with roughly $32K 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 48 barrels a month, about 24 per wellbore. Its strongest month on the record we hold was August 2016, at 1,010 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 SPEARS-JACKSON-FORBES UNIT
- Who operates SPEARS-JACKSON-FORBES UNIT?
- SPEARS-JACKSON-FORBES UNIT is operated by Kadane Corporation, Railroad Commission of Texas operator number 450038.
- Where is SPEARS-JACKSON-FORBES UNIT?
- SPEARS-JACKSON-FORBES UNIT is a Texas oil lease in Hardeman County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 28710.
- Is SPEARS-JACKSON-FORBES UNIT still producing?
- SPEARS-JACKSON-FORBES UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPEARS-JACKSON-FORBES UNIT is August 2026.
- How much has SPEARS-JACKSON-FORBES UNIT produced?
- SPEARS-JACKSON-FORBES UNIT has reported 565,366 barrels of oil (bbl) to the Railroad Commission of Texas between January 1994 and August 2026, from 2 wellbores.
- How much is SPEARS-JACKSON-FORBES UNIT worth?
- The remaining production from SPEARS-JACKSON-FORBES UNIT is estimated to be worth about $165K in total as of 27 August 2026, within a range of $91K to $240K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPEARS-JACKSON-FORBES UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SPEARS-JACKSON-FORBES UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPEARS-JACKSON-FORBES UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SPEARS-JACKSON-FORBES UNIT generate in a year?
- SPEARS-JACKSON-FORBES UNIT is forecast to net about $32K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SPEARS-JACKSON-FORBES UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Kadane Corporation |
|---|---|
| Field | Berry (Miss.) |
| County | Hardeman County, Texas |
| RRC district | 09 |
| Lease number | 28710 |
| Wellbores | 2 |
| Reported production | 565,366 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $165K |
Where SPEARS-JACKSON-FORBES 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.