SPIKE S UNIT
SPIKE S UNIT is a Texas oil lease in Irion County, Railroad Commission district 7C, operated by Apache Corporation. It has 6 wellbores on file with the Commission. Reported production runs from March 2013 to August 2026, totalling 925,900 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 $9.3M, with roughly $1.8M 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 1,428 barrels a month, about 238 per wellbore. Its strongest month on the record we hold was May 2016, at 11,619 barrels. 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 SPIKE S UNIT
- Who operates SPIKE S UNIT?
- SPIKE S UNIT is operated by Apache Corporation, Railroad Commission of Texas operator number 027200.
- Where is SPIKE S UNIT?
- SPIKE S UNIT is a Texas oil lease in Irion County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 18212.
- Is SPIKE S UNIT still producing?
- SPIKE S UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPIKE S UNIT is August 2026.
- How much has SPIKE S UNIT produced?
- SPIKE S UNIT has reported 925,900 barrels of oil (bbl) to the Railroad Commission of Texas between March 2013 and August 2026, from 6 wellbores.
- How much is SPIKE S UNIT worth?
- The remaining production from SPIKE S UNIT is estimated to be worth about $9.3M in total as of 27 August 2026, within a range of $7.7M to $10.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPIKE S UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SPIKE S UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPIKE S UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SPIKE S UNIT generate in a year?
- SPIKE S UNIT is forecast to net about $1.8M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SPIKE S UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apache Corporation |
|---|---|
| Field | Lin (Wolfcamp) |
| County | Irion County, Texas |
| RRC district | 7C |
| Lease number | 18212 |
| Wellbores | 6 |
| Reported production | 925,900 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $9.3M |
Where SPIKE S 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.