SPEER
SPEER is a Texas gas lease in Stephens County, Railroad Commission district 7B, operated by Rainbow Seven Oil & Gas, Inc. It has 1 wellbore on file with the Commission. Reported production runs from November 2017 to August 2026, totalling 30,111 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 $131K, with roughly $27K 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 286 thousand cubic feet a month. Its strongest month on the record we hold was December 2022, at 970 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 SPEER
- Who operates SPEER?
- SPEER is operated by Rainbow Seven Oil & Gas, Inc., Railroad Commission of Texas operator number 688706.
- Where is SPEER?
- SPEER is a Texas gas lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 283556.
- Is SPEER still producing?
- SPEER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPEER is August 2026.
- How much has SPEER produced?
- SPEER has reported 30,111 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2017 and August 2026, from 1 wellbore.
- How much is SPEER worth?
- The remaining production from SPEER is estimated to be worth about $131K in total as of 26 August 2026, within a range of $102K to $160K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPEER is a fraction of it. The estimate fits an Arps decline curve to the production SPEER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPEER is an estimate of value, not an offer and not an appraisal.
- How much income does SPEER generate in a year?
- SPEER is forecast to net about $27K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SPEER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Rainbow Seven Oil & Gas, Inc. |
|---|---|
| Field | Stephens County Regular (Gas) |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 283556 |
| Wellbores | 1 |
| Reported production | 30,111 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $131K |
Where SPEER 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.