SPRINGER
SPRINGER is a Texas oil lease in King County, Railroad Commission district 8A, operated by Covenant Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from July 2017 to August 2026, totalling 9,613 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 $138K, with roughly $27K 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 42 barrels a month. Its strongest month on the record we hold was March 2018, at 408 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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
- Who operates SPRINGER?
- SPRINGER is operated by Covenant Operating, LLC, Railroad Commission of Texas operator number 182800.
- Where is SPRINGER?
- SPRINGER is a Texas oil lease in King County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70639.
- Is SPRINGER still producing?
- SPRINGER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPRINGER is August 2026.
- How much has SPRINGER produced?
- SPRINGER has reported 9,613 barrels of oil (bbl) to the Railroad Commission of Texas between July 2017 and August 2026, from 1 wellbore.
- How much is SPRINGER worth?
- The remaining production from SPRINGER is estimated to be worth about $138K in total as of 26 August 2026, within a range of $76K to $200K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPRINGER is a fraction of it. The estimate fits an Arps decline curve to the production SPRINGER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPRINGER is an estimate of value, not an offer and not an appraisal.
- How much income does SPRINGER generate in a year?
- SPRINGER is forecast to net about $27K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SPRINGER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Covenant Operating, LLC |
|---|---|
| Field | Christopher (Lower Tannehill) |
| County | King County, Texas |
| RRC district | 8A |
| Lease number | 70639 |
| Wellbores | 1 |
| Reported production | 9,613 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $138K |
Where SPRINGER 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.