SPIKES GAS UNIT NO. 1
SPIKES GAS UNIT NO. 1 is a Texas gas lease in Rusk County, Railroad Commission district 06, operated by Sandridge Onshore, LLC. It has 1 wellbore on file with the Commission. Reported production runs from February 2008 to August 2026, totalling 1,079,522 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 $306K, with roughly $51K 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 1,810 thousand cubic feet a month. Its strongest month on the record we hold was May 2022, at 3,456 thousand cubic feet. 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 SPIKES GAS UNIT NO. 1
- Who operates SPIKES GAS UNIT NO. 1?
- SPIKES GAS UNIT NO. 1 is operated by Sandridge Onshore, LLC, Railroad Commission of Texas operator number 748007.
- Where is SPIKES GAS UNIT NO. 1?
- SPIKES GAS UNIT NO. 1 is a Texas gas lease in Rusk County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 236017.
- Is SPIKES GAS UNIT NO. 1 still producing?
- SPIKES GAS UNIT NO. 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPIKES GAS UNIT NO. 1 is August 2026.
- How much has SPIKES GAS UNIT NO. 1 produced?
- SPIKES GAS UNIT NO. 1 has reported 1,079,522 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2008 and August 2026, from 1 wellbore.
- How much is SPIKES GAS UNIT NO. 1 worth?
- The remaining production from SPIKES GAS UNIT NO. 1 is estimated to be worth about $306K in total as of 27 August 2026, within a range of $254K to $358K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPIKES GAS UNIT NO. 1 is a fraction of it. The estimate fits an Arps decline curve to the production SPIKES GAS UNIT NO. 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPIKES GAS UNIT NO. 1 is an estimate of value, not an offer and not an appraisal.
- How much income does SPIKES GAS UNIT NO. 1 generate in a year?
- SPIKES GAS UNIT NO. 1 is forecast to net about $51K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SPIKES GAS UNIT NO. 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sandridge Onshore, LLC |
|---|---|
| Field | Minden (Cotton Valley Cons.) |
| County | Rusk County, Texas |
| RRC district | 06 |
| Lease number | 236017 |
| Wellbores | 1 |
| Reported production | 1,079,522 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $306K |
Where SPIKES GAS UNIT NO. 1 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.