SPELLINGS
SPELLINGS is a Texas oil lease in Williamson County, Railroad Commission district 01, operated by North Texas Energy,Inc. It has 2 wellbores on file with the Commission. Reported production runs from November 2021 to August 2026, totalling 80 barrels. The lease is intermittent. 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 $10K, with roughly $2K 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 5 barrels a month, about 3 per wellbore. Its strongest month on the record we hold was April 2025, at 10 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 SPELLINGS
- Who operates SPELLINGS?
- SPELLINGS is operated by North Texas Energy,Inc., Railroad Commission of Texas operator number 614190.
- Where is SPELLINGS?
- SPELLINGS is a Texas oil lease in Williamson County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 21165.
- Is SPELLINGS still producing?
- SPELLINGS is intermittent. The most recent month of production reported to the Railroad Commission of Texas for SPELLINGS is August 2026.
- How much has SPELLINGS produced?
- SPELLINGS has reported 80 barrels of oil (bbl) to the Railroad Commission of Texas between November 2021 and August 2026, from 2 wellbores.
- How much is SPELLINGS worth?
- The remaining production from SPELLINGS is estimated to be worth about $10K in total as of 27 August 2026, within a range of $0 to $20K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPELLINGS is a fraction of it. The estimate fits an Arps decline curve to the production SPELLINGS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPELLINGS is an estimate of value, not an offer and not an appraisal.
- How much income does SPELLINGS generate in a year?
- SPELLINGS is forecast to net about $2K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SPELLINGS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | North Texas Energy,Inc. |
|---|---|
| Field | Matthews |
| County | Williamson County, Texas |
| RRC district | 01 |
| Lease number | 21165 |
| Wellbores | 2 |
| Reported production | 80 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $10K |
Where SPELLINGS 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.