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Texas oil lease

Producing

SPEER, A.C.

Speer, A.c. is an oil lease in Stephens County, Texas, operated by Eastland Operating, L.L.C. in the Little Cedar (Strawn) field.

8 wells

138bbl oil, last 12 months−22% vs prior year
RRC lease
7B-12576

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Where it sits

This county

Stephens CountyStephensShackelfordJackPalo PintoEastlandThrockmortonYoungStephens County
Stephens County
Gas, last 12 months
821 mcf
Oil in Jul 2026
14 bbl

Production by month

Oil output fell 22% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 22% over the last 12 monthsMonthly oil production and gas for SPEER, A.C., Aug 2023 to Jul 2026. Oil output fell 22% over the last 12 months. 138 bbl in the 12 months through Jul 2026, against 176 bbl in the 12 months before.Last 12 months: 138 bblbbl per monthmcf per month0020100402006030080400Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 22% over the last 12 monthsMonthly oil production and gas for SPEER, A.C., Aug 2023 to Jul 2026. Oil output fell 22% over the last 12 months. 138 bbl in the 12 months through Jul 2026, against 176 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0020100402006030080400Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Nov 2023 the lease's gas goes to a processing plant instead of a transmission line

  • Processing plant (3)
  • Transmission line (2)
Since Nov 2023 the lease's gas goes to a processing plant instead of a transmission lineShare of SPEER, A.C. gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2023 the lease's gas goes to a processing plant instead of a transmission line.Share of the lease’s gas by disposition code, per month0%50%100%Nov 2023: line to plantOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2023 the lease's gas goes to a processing plant instead of a transmission lineShare of SPEER, A.C. gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2023 the lease's gas goes to a processing plant instead of a transmission line.Share of gas by disposition code0%50%100%Nov 23: line to plantJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    89% · 915 mcf

  • Transmission line (2)

    11% · 111 mcf

8 wells on this lease

Wells on SPEER, A.C.
API numberWell no.Status
42-429-306371Shut-in
42-429-306642Shut-in
42-429-306651 AShut-in
42-429-306862 AShut-in
42-429-307083Shut-in
42-429-307203 AShut-in
42-429-307214Shut-in
42-429-307225Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Transfer Marketing & TermOilGathers100Dec 1, 2022–
Targa Midstream Services LLCCasinghead gasBuys100Oct 1, 2011–
Targa Midstream Services LLCCasinghead gasGathers100Oct 1, 2011–
Sunoco Ptnrs. Mktg.&terminals LPOilGathers100Apr 1, 2002Dec 1, 2022

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

What the drilling permits say

8 wells are listed on this lease

Permits for Speer, A.c.
API numberWell no.Acreson the permit
42-429-306371–
42-429-306642–
42-429-306651 A–
42-429-306862 A–
42-429-307083–
42-429-307203 A–
42-429-307214–
42-429-307225–

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Estimate your royalty

36 months, newest first

Ledger for SPEER, A.C.
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261401771770$80.46$2.89
Jun 20261101541540$84.81$3.15
May 202654911551550$102.13$2.94
Apr 20261202982980$100.32$2.77
Mar 202619037370$91.38$3.04
Feb 202600000$64.51$3.62
Jan 202600000$60.04$7.72
Dec 202500000$57.97$4.26
Nov 202500000$60.06$3.79
Oct 202500000$60.89$3.19
Sep 2025120000$63.96$2.97
Aug 202516150000$64.86$2.91
Jul 2025160000$68.39$3.20
Jun 2025150000$68.17$3.02
May 2025180000$62.17$3.12
Apr 2025190000$63.54$3.42
Mar 2025240000$68.24$4.12
Feb 2025150000$71.53$4.19
Jan 202560000$75.74$4.13
Dec 202490000$70.12$3.01
Nov 2024120000$69.95$2.12
Oct 202413151000$71.99$2.20
Sep 2024110000$70.24$2.28
Aug 2024180000$76.68$1.99
Jul 2024130000$81.80$2.07
Jun 202400000$79.77$2.54
May 2024160000$80.02$2.12
Apr 202419021210$85.35$1.60
Mar 2024190000$81.28$1.49
Feb 2024210000$77.25$1.72
Jan 2024160000$74.15$3.18
Dec 20232415942420$71.90$2.52
Nov 202323031310$77.69$2.71
Oct 202315028280$85.64$2.98
Sep 202328049490$89.43$2.64
Aug 202310034340$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Nearby

Eastland Operating, L.L.C. in Stephens County

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Little Cedar (Strawn) field

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