SPRINGER BG UNIT
SPRINGER BG UNIT is a Texas oil lease in King County, Railroad Commission district 8A, operated by Ginnings Company. It has 1 wellbore on file with the Commission. Reported production runs from February 2007 to August 2026, totalling 73,378 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 $402K, with roughly $77K 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 102 barrels a month. Its strongest month on the record we hold was April 2018, at 239 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 SPRINGER BG UNIT
- Who operates SPRINGER BG UNIT?
- SPRINGER BG UNIT is operated by Ginnings Company, Railroad Commission of Texas operator number 307243.
- Where is SPRINGER BG UNIT?
- SPRINGER BG UNIT is a Texas oil lease in King County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 69069.
- Is SPRINGER BG UNIT still producing?
- SPRINGER BG UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPRINGER BG UNIT is August 2026.
- How much has SPRINGER BG UNIT produced?
- SPRINGER BG UNIT has reported 73,378 barrels of oil (bbl) to the Railroad Commission of Texas between February 2007 and August 2026, from 1 wellbore.
- How much is SPRINGER BG UNIT worth?
- The remaining production from SPRINGER BG UNIT is estimated to be worth about $402K in total as of 26 August 2026, within a range of $313K to $490K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPRINGER BG UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SPRINGER BG UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPRINGER BG UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SPRINGER BG UNIT generate in a year?
- SPRINGER BG UNIT is forecast to net about $77K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SPRINGER BG UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ginnings Company |
|---|---|
| Field | Christopher (Lower Tannehill) |
| County | King County, Texas |
| RRC district | 8A |
| Lease number | 69069 |
| Wellbores | 1 |
| Reported production | 73,378 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $402K |
Where SPRINGER BG 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.