BAUGH-SPENCE
BAUGH-SPENCE is a Texas gas lease in Schleicher County, Railroad Commission district 7C, operated by Cabana Oil Corp. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,011,768 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 $101K, with roughly $15K 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 744 thousand cubic feet a month. Its strongest month on the record we hold was February 2021, at 5,889 thousand cubic feet. 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 BAUGH-SPENCE
- Who operates BAUGH-SPENCE?
- BAUGH-SPENCE is operated by Cabana Oil Corp., Railroad Commission of Texas operator number 121220.
- Where is BAUGH-SPENCE?
- BAUGH-SPENCE is a Texas gas lease in Schleicher County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 087048.
- Is BAUGH-SPENCE still producing?
- BAUGH-SPENCE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BAUGH-SPENCE is August 2026.
- How much has BAUGH-SPENCE produced?
- BAUGH-SPENCE has reported 1,011,768 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is BAUGH-SPENCE worth?
- The remaining production from BAUGH-SPENCE is estimated to be worth about $101K in total as of 26 August 2026, within a range of $79K to $123K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BAUGH-SPENCE is a fraction of it. The estimate fits an Arps decline curve to the production BAUGH-SPENCE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BAUGH-SPENCE is an estimate of value, not an offer and not an appraisal.
- How much income does BAUGH-SPENCE generate in a year?
- BAUGH-SPENCE is forecast to net about $15K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BAUGH-SPENCE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cabana Oil Corp. |
|---|---|
| Field | Jan-Jerrye, Se. (Canyon Reef) |
| County | Schleicher County, Texas |
| RRC district | 7C |
| Lease number | 087048 |
| Wellbores | 1 |
| Reported production | 1,011,768 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $101K |
Where BAUGH-SPENCE 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.