DARK HORSE
DARK HORSE is a Texas oil lease in Irion County, Railroad Commission district 7C, operated by Triple Crown Resources, LLC. It has 7 wellbores on file with the Commission. Reported production runs from December 2024 to August 2026, totalling 441,561 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 $18.9M, with roughly $6.9M 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 14,867 barrels a month, about 2,124 per wellbore. Its strongest month on the record we hold was December 2024, at 93,744 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 DARK HORSE
- Who operates DARK HORSE?
- DARK HORSE is operated by Triple Crown Resources, LLC, Railroad Commission of Texas operator number 870372.
- Where is DARK HORSE?
- DARK HORSE is a Texas oil lease in Irion County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 22923.
- Is DARK HORSE still producing?
- DARK HORSE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DARK HORSE is August 2026.
- How much has DARK HORSE produced?
- DARK HORSE has reported 441,561 barrels of oil (bbl) to the Railroad Commission of Texas between December 2024 and August 2026, from 7 wellbores.
- How much is DARK HORSE worth?
- The remaining production from DARK HORSE is estimated to be worth about $18.9M in total as of 26 August 2026, within a range of $15.5M to $22.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DARK HORSE is a fraction of it. The estimate fits an Arps decline curve to the production DARK HORSE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DARK HORSE is an estimate of value, not an offer and not an appraisal.
- How much income does DARK HORSE generate in a year?
- DARK HORSE is forecast to net about $6.9M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DARK HORSE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Triple Crown Resources, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Irion County, Texas |
| RRC district | 7C |
| Lease number | 22923 |
| Wellbores | 7 |
| Reported production | 441,561 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $18.9M |
Where DARK HORSE 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.