SPRAGIN
SPRAGIN is a Texas gas lease in Stephens County, Railroad Commission district 7B, operated by Delta Oil & Gas Ltd. It has 1 wellbore on file with the Commission. Reported production runs from July 2015 to August 2026, totalling 192,055 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 $118K, with roughly $18K 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 781 thousand cubic feet a month. Its strongest month on the record we hold was March 2017, at 5,108 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 SPRAGIN
- Who operates SPRAGIN?
- SPRAGIN is operated by Delta Oil & Gas Ltd., Railroad Commission of Texas operator number 213703.
- Where is SPRAGIN?
- SPRAGIN is a Texas gas lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 277657.
- Is SPRAGIN still producing?
- SPRAGIN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPRAGIN is August 2026.
- How much has SPRAGIN produced?
- SPRAGIN has reported 192,055 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2015 and August 2026, from 1 wellbore.
- How much is SPRAGIN worth?
- The remaining production from SPRAGIN is estimated to be worth about $118K in total as of 27 August 2026, within a range of $92K to $144K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPRAGIN is a fraction of it. The estimate fits an Arps decline curve to the production SPRAGIN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPRAGIN is an estimate of value, not an offer and not an appraisal.
- How much income does SPRAGIN generate in a year?
- SPRAGIN is forecast to net about $18K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SPRAGIN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Delta Oil & Gas Ltd. |
|---|---|
| Field | Caddo (Duffer) |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 277657 |
| Wellbores | 1 |
| Reported production | 192,055 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $118K |
Where SPRAGIN 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.