SPEARRS
SPEARRS is a Texas oil lease in Hockley County, Railroad Commission district 8A, operated by Campbell, George M. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 268,839 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 $859K, with roughly $165K 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 237 barrels a month. Its strongest month on the record we hold was May 2017, at 439 barrels. 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 SPEARRS
- Who operates SPEARRS?
- SPEARRS is operated by Campbell, George M., Railroad Commission of Texas operator number 128100.
- Where is SPEARRS?
- SPEARRS is a Texas oil lease in Hockley County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 61939.
- Is SPEARRS still producing?
- SPEARRS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPEARRS is August 2026.
- How much has SPEARRS produced?
- SPEARRS has reported 268,839 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is SPEARRS worth?
- The remaining production from SPEARRS is estimated to be worth about $859K in total as of 26 August 2026, within a range of $670K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPEARRS is a fraction of it. The estimate fits an Arps decline curve to the production SPEARRS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPEARRS is an estimate of value, not an offer and not an appraisal.
- How much income does SPEARRS generate in a year?
- SPEARRS is forecast to net about $165K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SPEARRS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Campbell, George M. |
|---|---|
| Field | Slaughter |
| County | Hockley County, Texas |
| RRC district | 8A |
| Lease number | 61939 |
| Wellbores | 1 |
| Reported production | 268,839 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $859K |
Where SPEARRS 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.