SPENCE, R.Q.
SPENCE, R.Q. is a Texas oil lease in Nolan County, Railroad Commission district 7B, operated by Hunt Oil Company. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 63,610 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 $642K, with roughly $123K 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 155 barrels a month, about 78 per wellbore. Its strongest month on the record we hold was April 2025, at 263 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 SPENCE, R.Q.
- Who operates SPENCE, R.Q.?
- SPENCE, R.Q. is operated by Hunt Oil Company, Railroad Commission of Texas operator number 416330.
- Where is SPENCE, R.Q.?
- SPENCE, R.Q. is a Texas oil lease in Nolan County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 22400.
- Is SPENCE, R.Q. still producing?
- SPENCE, R.Q. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPENCE, R.Q. is August 2026.
- How much has SPENCE, R.Q. produced?
- SPENCE, R.Q. has reported 63,610 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is SPENCE, R.Q. worth?
- The remaining production from SPENCE, R.Q. is estimated to be worth about $642K in total as of 26 August 2026, within a range of $501K to $783K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPENCE, R.Q. is a fraction of it. The estimate fits an Arps decline curve to the production SPENCE, R.Q. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPENCE, R.Q. is an estimate of value, not an offer and not an appraisal.
- How much income does SPENCE, R.Q. generate in a year?
- SPENCE, R.Q. is forecast to net about $123K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SPENCE, R.Q. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Hunt Oil Company |
|---|---|
| Field | R.Q.S. (Ellenburger) |
| County | Nolan County, Texas |
| RRC district | 7B |
| Lease number | 22400 |
| Wellbores | 2 |
| Reported production | 63,610 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $642K |
Where SPENCE, R.Q. 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.