SPURGEON
SPURGEON is a Texas oil lease in Jack County, Railroad Commission district 09, operated by Ernmar Investments, Inc. It has 1 wellbore on file with the Commission. Reported production runs from September 2021 to August 2026, totalling 365 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 $9K, with roughly $1K 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 barrels a month. Its strongest month on the record we hold was November 2022, at 22 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 SPURGEON
- Who operates SPURGEON?
- SPURGEON is operated by Ernmar Investments, Inc., Railroad Commission of Texas operator number 253489.
- Where is SPURGEON?
- SPURGEON is a Texas oil lease in Jack County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 34068.
- Is SPURGEON still producing?
- SPURGEON is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPURGEON is August 2026.
- How much has SPURGEON produced?
- SPURGEON has reported 365 barrels of oil (bbl) to the Railroad Commission of Texas between September 2021 and August 2026, from 1 wellbore.
- How much is SPURGEON worth?
- The remaining production from SPURGEON is estimated to be worth about $9K in total as of 26 August 2026, within a range of $0 to $19K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPURGEON is a fraction of it. The estimate fits an Arps decline curve to the production SPURGEON has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPURGEON is an estimate of value, not an offer and not an appraisal.
- How much income does SPURGEON generate in a year?
- SPURGEON is forecast to net about $1K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SPURGEON receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ernmar Investments, Inc. |
|---|---|
| Field | KRS (Marble Falls) |
| County | Jack County, Texas |
| RRC district | 09 |
| Lease number | 34068 |
| Wellbores | 1 |
| Reported production | 365 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $9K |
Where SPURGEON 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.