SPANISH TRAIL
SPANISH TRAIL is a Texas oil lease in Midland County, Railroad Commission district 08, operated by E.G.L. Resources, Inc. It has 89 wellbores on file with the Commission. Reported production runs from June 2008 to August 2026, totalling 8,277,432 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 $10.2M, with roughly $2.7M 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 3,799 barrels a month, about 43 per wellbore. Its strongest month on the record we hold was November 2017, at 177,771 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 SPANISH TRAIL
- Who operates SPANISH TRAIL?
- SPANISH TRAIL is operated by E.G.L. Resources, Inc., Railroad Commission of Texas operator number 238522.
- Where is SPANISH TRAIL?
- SPANISH TRAIL is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 38844.
- Is SPANISH TRAIL still producing?
- SPANISH TRAIL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPANISH TRAIL is August 2026.
- How much has SPANISH TRAIL produced?
- SPANISH TRAIL has reported 8,277,432 barrels of oil (bbl) to the Railroad Commission of Texas between June 2008 and August 2026, from 89 wellbores.
- How much is SPANISH TRAIL worth?
- The remaining production from SPANISH TRAIL is estimated to be worth about $10.2M in total as of 27 August 2026, within a range of $8.4M to $11.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPANISH TRAIL is a fraction of it. The estimate fits an Arps decline curve to the production SPANISH TRAIL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPANISH TRAIL is an estimate of value, not an offer and not an appraisal.
- How much income does SPANISH TRAIL generate in a year?
- SPANISH TRAIL is forecast to net about $2.7M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SPANISH TRAIL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | E.G.L. Resources, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 38844 |
| Wellbores | 89 |
| Reported production | 8,277,432 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $10.2M |
Where SPANISH TRAIL 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.