SPENDLOVE UNIT
SPENDLOVE UNIT is a Texas oil lease in Karnes County, Railroad Commission district 02, operated by Riley Exploration, LLC. It has 7 wellbores on file with the Commission. Reported production runs from June 2012 to August 2026, totalling 1,737,181 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 $7.8M, with roughly $6.5M 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 29,063 barrels a month, about 4,152 per wellbore. Its strongest month on the record we hold was September 2024, at 271,006 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 SPENDLOVE UNIT
- Who operates SPENDLOVE UNIT?
- SPENDLOVE UNIT is operated by Riley Exploration, LLC, Railroad Commission of Texas operator number 712156.
- Where is SPENDLOVE UNIT?
- SPENDLOVE UNIT is a Texas oil lease in Karnes County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 10404.
- Is SPENDLOVE UNIT still producing?
- SPENDLOVE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPENDLOVE UNIT is August 2026.
- How much has SPENDLOVE UNIT produced?
- SPENDLOVE UNIT has reported 1,737,181 barrels of oil (bbl) to the Railroad Commission of Texas between June 2012 and August 2026, from 7 wellbores.
- How much is SPENDLOVE UNIT worth?
- The remaining production from SPENDLOVE UNIT is estimated to be worth about $7.8M in total as of 26 August 2026, within a range of $6.4M to $9.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPENDLOVE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SPENDLOVE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPENDLOVE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SPENDLOVE UNIT generate in a year?
- SPENDLOVE UNIT is forecast to net about $6.5M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SPENDLOVE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Riley Exploration, LLC |
|---|---|
| Field | Eagleville (Eagle Ford-2) |
| County | Karnes County, Texas |
| RRC district | 02 |
| Lease number | 10404 |
| Wellbores | 7 |
| Reported production | 1,737,181 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.8M |
Where SPENDLOVE 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.