LNE 9
LNE 9 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Crownquest Operating, LLC. It has 10 wellbores on file with the Commission. Reported production runs from March 2012 to August 2026, totalling 631,193 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 $3.5M, with roughly $969K 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 1,304 barrels a month, about 130 per wellbore. Its strongest month on the record we hold was June 2016, at 5,982 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 LNE 9
- Who operates LNE 9?
- LNE 9 is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is LNE 9?
- LNE 9 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 43202.
- Is LNE 9 still producing?
- LNE 9 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LNE 9 is August 2026.
- How much has LNE 9 produced?
- LNE 9 has reported 631,193 barrels of oil (bbl) to the Railroad Commission of Texas between March 2012 and August 2026, from 10 wellbores.
- How much is LNE 9 worth?
- The remaining production from LNE 9 is estimated to be worth about $3.5M in total as of 26 August 2026, within a range of $2.9M to $4.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LNE 9 is a fraction of it. The estimate fits an Arps decline curve to the production LNE 9 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LNE 9 is an estimate of value, not an offer and not an appraisal.
- How much income does LNE 9 generate in a year?
- LNE 9 is forecast to net about $969K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LNE 9 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Crownquest Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 43202 |
| Wellbores | 10 |
| Reported production | 631,193 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.5M |
Where LNE 9 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.