SPRINGER 10 23
SPRINGER 10 23 is a Texas oil lease in Winkler County, Railroad Commission district 08, operated by Ogx Operating, LLC. It has 2 wellbores on file with the Commission. Reported production runs from September 2011 to August 2026, totalling 427,251 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 $1.6M, with roughly $381K 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 480 barrels a month, about 240 per wellbore. Its strongest month on the record we hold was April 2017, at 2,735 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 SPRINGER 10 23
- Who operates SPRINGER 10 23?
- SPRINGER 10 23 is operated by Ogx Operating, LLC, Railroad Commission of Texas operator number 617106.
- Where is SPRINGER 10 23?
- SPRINGER 10 23 is a Texas oil lease in Winkler County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 42392.
- Is SPRINGER 10 23 still producing?
- SPRINGER 10 23 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPRINGER 10 23 is August 2026.
- How much has SPRINGER 10 23 produced?
- SPRINGER 10 23 has reported 427,251 barrels of oil (bbl) to the Railroad Commission of Texas between September 2011 and August 2026, from 2 wellbores.
- How much is SPRINGER 10 23 worth?
- The remaining production from SPRINGER 10 23 is estimated to be worth about $1.6M in total as of 27 August 2026, within a range of $1.2M to $2.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPRINGER 10 23 is a fraction of it. The estimate fits an Arps decline curve to the production SPRINGER 10 23 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPRINGER 10 23 is an estimate of value, not an offer and not an appraisal.
- How much income does SPRINGER 10 23 generate in a year?
- SPRINGER 10 23 is forecast to net about $381K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SPRINGER 10 23 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ogx Operating, LLC |
|---|---|
| Field | F. A. Hogg (Penn Detrital) |
| County | Winkler County, Texas |
| RRC district | 08 |
| Lease number | 42392 |
| Wellbores | 2 |
| Reported production | 427,251 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.6M |
Where SPRINGER 10 23 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.