SPENCER GAS UNIT
SPENCER GAS UNIT is a Texas gas lease in Harrison County, Railroad Commission district 06, operated by Penn Virginia Oil & Gas, L.P. It has 1 wellbore on file with the Commission. Reported production runs from October 2007 to August 2026, totalling 528,252 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 $49K, with roughly $7K 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 185 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 634 thousand cubic feet. 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 SPENCER GAS UNIT
- Who operates SPENCER GAS UNIT?
- SPENCER GAS UNIT is operated by Penn Virginia Oil & Gas, L.P., Railroad Commission of Texas operator number 651780.
- Where is SPENCER GAS UNIT?
- SPENCER GAS UNIT is a Texas gas lease in Harrison County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 234349.
- Is SPENCER GAS UNIT still producing?
- SPENCER GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPENCER GAS UNIT is August 2026.
- How much has SPENCER GAS UNIT produced?
- SPENCER GAS UNIT has reported 528,252 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2007 and August 2026, from 1 wellbore.
- How much is SPENCER GAS UNIT worth?
- The remaining production from SPENCER GAS UNIT is estimated to be worth about $49K in total as of 27 August 2026, within a range of $38K to $59K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPENCER GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SPENCER GAS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPENCER GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SPENCER GAS UNIT generate in a year?
- SPENCER GAS UNIT is forecast to net about $7K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SPENCER GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Penn Virginia Oil & Gas, L.P. |
|---|---|
| Field | Carthage, North (Cotton Valley) |
| County | Harrison County, Texas |
| RRC district | 06 |
| Lease number | 234349 |
| Wellbores | 1 |
| Reported production | 528,252 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $49K |
Where SPENCER GAS 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.