NORTH STILES SPRABERRY UNIT
NORTH STILES SPRABERRY UNIT is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Bta Oil Producers. It has 79 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,967,434 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 $3.0M, with roughly $985K 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 1,709 barrels a month, about 22 per wellbore. Its strongest month on the record we hold was March 2024, at 14,612 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 NORTH STILES SPRABERRY UNIT
- Who operates NORTH STILES SPRABERRY UNIT?
- NORTH STILES SPRABERRY UNIT is operated by Bta Oil Producers, Railroad Commission of Texas operator number 041860.
- Where is NORTH STILES SPRABERRY UNIT?
- NORTH STILES SPRABERRY UNIT is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 06393.
- Is NORTH STILES SPRABERRY UNIT still producing?
- NORTH STILES SPRABERRY UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NORTH STILES SPRABERRY UNIT is August 2026.
- How much has NORTH STILES SPRABERRY UNIT produced?
- NORTH STILES SPRABERRY UNIT has reported 1,967,434 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 79 wellbores.
- How much is NORTH STILES SPRABERRY UNIT worth?
- The remaining production from NORTH STILES SPRABERRY UNIT is estimated to be worth about $3.0M in total as of 27 August 2026, within a range of $2.5M to $3.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NORTH STILES SPRABERRY UNIT is a fraction of it. The estimate fits an Arps decline curve to the production NORTH STILES SPRABERRY UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NORTH STILES SPRABERRY UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does NORTH STILES SPRABERRY UNIT generate in a year?
- NORTH STILES SPRABERRY UNIT is forecast to net about $985K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NORTH STILES SPRABERRY UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bta Oil Producers |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 06393 |
| Wellbores | 79 |
| Reported production | 1,967,434 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.0M |
Where NORTH STILES SPRABERRY UNIT 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.