SPEER, ORAN
SPEER, ORAN is a Texas oil lease in Wise County, Railroad Commission district 09, operated by Mitchell Energy Corporation. It has 2 wellbores on file with the Commission. Reported production runs from July 1993 to August 2026, totalling 46,827 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 $300K, with roughly $49K 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 45 barrels a month, about 23 per wellbore. Its strongest month on the record we hold was March 2020, at 237 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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, ORAN
- Who operates SPEER, ORAN?
- SPEER, ORAN is operated by Mitchell Energy Corporation, Railroad Commission of Texas operator number 570655.
- Where is SPEER, ORAN?
- SPEER, ORAN is a Texas oil lease in Wise County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 28612.
- Is SPEER, ORAN still producing?
- SPEER, ORAN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPEER, ORAN is August 2026.
- How much has SPEER, ORAN produced?
- SPEER, ORAN has reported 46,827 barrels of oil (bbl) to the Railroad Commission of Texas between July 1993 and August 2026, from 2 wellbores.
- How much is SPEER, ORAN worth?
- The remaining production from SPEER, ORAN is estimated to be worth about $300K in total as of 27 August 2026, within a range of $165K to $436K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPEER, ORAN is a fraction of it. The estimate fits an Arps decline curve to the production SPEER, ORAN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPEER, ORAN is an estimate of value, not an offer and not an appraisal.
- How much income does SPEER, ORAN generate in a year?
- SPEER, ORAN is forecast to net about $49K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SPEER, ORAN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mitchell Energy Corporation |
|---|---|
| Field | Alvord, South (Caddo Lime) |
| County | Wise County, Texas |
| RRC district | 09 |
| Lease number | 28612 |
| Wellbores | 2 |
| Reported production | 46,827 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $300K |
Where SPEER, ORAN 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.