SPRUCE STATE UNIT
SPRUCE STATE UNIT is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Apache Corporation. It has 1 wellbore on file with the Commission. Reported production runs from October 2019 to August 2026, totalling 1,472,222 thousand cubic feet. 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 $5.0M, with roughly $1.9M 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 12,944 thousand cubic feet a month. Its strongest month on the record we hold was April 2020, at 41,288 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 SPRUCE STATE UNIT
- Who operates SPRUCE STATE UNIT?
- SPRUCE STATE UNIT is operated by Apache Corporation, Railroad Commission of Texas operator number 027200.
- Where is SPRUCE STATE UNIT?
- SPRUCE STATE UNIT is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 290185.
- Is SPRUCE STATE UNIT still producing?
- SPRUCE STATE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPRUCE STATE UNIT is August 2026.
- How much has SPRUCE STATE UNIT produced?
- SPRUCE STATE UNIT has reported 1,472,222 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2019 and August 2026, from 1 wellbore.
- How much is SPRUCE STATE UNIT worth?
- The remaining production from SPRUCE STATE UNIT is estimated to be worth about $5.0M in total as of 26 August 2026, within a range of $4.1M to $5.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPRUCE STATE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SPRUCE STATE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPRUCE STATE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SPRUCE STATE UNIT generate in a year?
- SPRUCE STATE UNIT is forecast to net about $1.9M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SPRUCE STATE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apache Corporation |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 290185 |
| Wellbores | 1 |
| Reported production | 1,472,222 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.0M |
Where SPRUCE STATE 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.