SPIRES RANCH B 103
SPIRES RANCH B 103 is a Texas oil lease in Kent County, Railroad Commission district 8A, operated by Joint Resources Company. It has 1 wellbore on file with the Commission. Reported production runs from April 2024 to August 2026, totalling 46,765 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 $285K, with roughly $224K 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 880 barrels a month. Its strongest month on the record we hold was May 2024, at 4,536 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 SPIRES RANCH B 103
- Who operates SPIRES RANCH B 103?
- SPIRES RANCH B 103 is operated by Joint Resources Company, Railroad Commission of Texas operator number 440742.
- Where is SPIRES RANCH B 103?
- SPIRES RANCH B 103 is a Texas oil lease in Kent County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 71372.
- Is SPIRES RANCH B 103 still producing?
- SPIRES RANCH B 103 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPIRES RANCH B 103 is August 2026.
- How much has SPIRES RANCH B 103 produced?
- SPIRES RANCH B 103 has reported 46,765 barrels of oil (bbl) to the Railroad Commission of Texas between April 2024 and August 2026, from 1 wellbore.
- How much is SPIRES RANCH B 103 worth?
- The remaining production from SPIRES RANCH B 103 is estimated to be worth about $285K in total as of 27 August 2026, within a range of $223K to $348K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPIRES RANCH B 103 is a fraction of it. The estimate fits an Arps decline curve to the production SPIRES RANCH B 103 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPIRES RANCH B 103 is an estimate of value, not an offer and not an appraisal.
- How much income does SPIRES RANCH B 103 generate in a year?
- SPIRES RANCH B 103 is forecast to net about $224K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SPIRES RANCH B 103 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Joint Resources Company |
|---|---|
| Field | Salt Creek, South (Penn., Lower) |
| County | Kent County, Texas |
| RRC district | 8A |
| Lease number | 71372 |
| Wellbores | 1 |
| Reported production | 46,765 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $285K |
Where SPIRES RANCH B 103 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.