SPIRES RANCH
SPIRES RANCH is a Texas oil lease in Nolan County, Railroad Commission district 7B, operated by Abraxas Petroleum Corporation. It has 6 wellbores on file with the Commission. Reported production runs from December 2010 to August 2026, totalling 89,563 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 $670K, with roughly $103K 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 44 barrels a month, about 7 per wellbore. Its strongest month on the record we hold was June 2016, at 559 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 SPIRES RANCH
- Who operates SPIRES RANCH?
- SPIRES RANCH is operated by Abraxas Petroleum Corporation, Railroad Commission of Texas operator number 003125.
- Where is SPIRES RANCH?
- SPIRES RANCH is a Texas oil lease in Nolan County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 30731.
- Is SPIRES RANCH still producing?
- SPIRES RANCH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPIRES RANCH is August 2026.
- How much has SPIRES RANCH produced?
- SPIRES RANCH has reported 89,563 barrels of oil (bbl) to the Railroad Commission of Texas between December 2010 and August 2026, from 6 wellbores.
- How much is SPIRES RANCH worth?
- The remaining production from SPIRES RANCH is estimated to be worth about $670K in total as of 26 August 2026, within a range of $369K to $972K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPIRES RANCH is a fraction of it. The estimate fits an Arps decline curve to the production SPIRES RANCH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPIRES RANCH is an estimate of value, not an offer and not an appraisal.
- How much income does SPIRES RANCH generate in a year?
- SPIRES RANCH is forecast to net about $103K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SPIRES RANCH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Abraxas Petroleum Corporation |
|---|---|
| Field | Nena Lucia (Strawn Reef) |
| County | Nolan County, Texas |
| RRC district | 7B |
| Lease number | 30731 |
| Wellbores | 6 |
| Reported production | 89,563 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $670K |
Where SPIRES RANCH 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.