SPACEK #1
SPACEK #1 is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Dynamic Petroleum Res., Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 9,972 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 $66K, with roughly $13K 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 11 barrels a month. Its strongest month on the record we hold was August 2018, at 55 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 SPACEK #1
- Who operates SPACEK #1?
- SPACEK #1 is operated by Dynamic Petroleum Res., Inc., Railroad Commission of Texas operator number 237924.
- Where is SPACEK #1?
- SPACEK #1 is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 16539.
- Is SPACEK #1 still producing?
- SPACEK #1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPACEK #1 is August 2026.
- How much has SPACEK #1 produced?
- SPACEK #1 has reported 9,972 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is SPACEK #1 worth?
- The remaining production from SPACEK #1 is estimated to be worth about $66K in total as of 26 August 2026, within a range of $36K to $96K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPACEK #1 is a fraction of it. The estimate fits an Arps decline curve to the production SPACEK #1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPACEK #1 is an estimate of value, not an offer and not an appraisal.
- How much income does SPACEK #1 generate in a year?
- SPACEK #1 is forecast to net about $13K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SPACEK #1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Dynamic Petroleum Res., Inc. |
|---|---|
| Field | Hooker Creek (Navarro A) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 16539 |
| Wellbores | 1 |
| Reported production | 9,972 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $66K |
Where SPACEK #1 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.