SPETH '3022'
SPETH '3022' is a Texas oil lease in Throckmorton County, Railroad Commission district 7B, operated by Romac Oil Company, Inc. It has 1 wellbore on file with the Commission. Reported production runs from September 2014 to August 2026, totalling 27,734 barrels. 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 $972K, with roughly $187K 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 206 barrels a month. Its strongest month on the record we hold was August 2018, at 494 barrels. 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 SPETH '3022'
- Who operates SPETH '3022'?
- SPETH '3022' is operated by Romac Oil Company, Inc., Railroad Commission of Texas operator number 727003.
- Where is SPETH '3022'?
- SPETH '3022' is a Texas oil lease in Throckmorton County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 31616.
- Is SPETH '3022' still producing?
- SPETH '3022' is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPETH '3022' is August 2026.
- How much has SPETH '3022' produced?
- SPETH '3022' has reported 27,734 barrels of oil (bbl) to the Railroad Commission of Texas between September 2014 and August 2026, from 1 wellbore.
- How much is SPETH '3022' worth?
- The remaining production from SPETH '3022' is estimated to be worth about $972K in total as of 27 August 2026, within a range of $758K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPETH '3022' is a fraction of it. The estimate fits an Arps decline curve to the production SPETH '3022' has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPETH '3022' is an estimate of value, not an offer and not an appraisal.
- How much income does SPETH '3022' generate in a year?
- SPETH '3022' is forecast to net about $187K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SPETH '3022' receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Romac Oil Company, Inc. |
|---|---|
| Field | Troy (Miss.) |
| County | Throckmorton County, Texas |
| RRC district | 7B |
| Lease number | 31616 |
| Wellbores | 1 |
| Reported production | 27,734 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $972K |
Where SPETH '3022' 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.