CREWS-MAST, LTD.
CREWS-MAST, LTD. is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Ring Energy, Inc. It has 2 wellbores on file with the Commission. Reported production runs from August 2014 to August 2026, totalling 47,005 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 $57K, with roughly $11K 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 15 barrels a month, about 7 per wellbore. Its strongest month on the record we hold was July 2016, at 1,533 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 CREWS-MAST, LTD.
- Who operates CREWS-MAST, LTD.?
- CREWS-MAST, LTD. is operated by Ring Energy, Inc., Railroad Commission of Texas operator number 712382.
- Where is CREWS-MAST, LTD.?
- CREWS-MAST, LTD. is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 45295.
- Is CREWS-MAST, LTD. still producing?
- CREWS-MAST, LTD. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CREWS-MAST, LTD. is August 2026.
- How much has CREWS-MAST, LTD. produced?
- CREWS-MAST, LTD. has reported 47,005 barrels of oil (bbl) to the Railroad Commission of Texas between August 2014 and August 2026, from 2 wellbores.
- How much is CREWS-MAST, LTD. worth?
- The remaining production from CREWS-MAST, LTD. is estimated to be worth about $57K in total as of 26 August 2026, within a range of $31K to $83K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CREWS-MAST, LTD. is a fraction of it. The estimate fits an Arps decline curve to the production CREWS-MAST, LTD. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CREWS-MAST, LTD. is an estimate of value, not an offer and not an appraisal.
- How much income does CREWS-MAST, LTD. generate in a year?
- CREWS-MAST, LTD. is forecast to net about $11K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CREWS-MAST, LTD. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ring Energy, Inc. |
|---|---|
| Field | Block A-34 (San Andres) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 45295 |
| Wellbores | 2 |
| Reported production | 47,005 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $57K |
Where CREWS-MAST, LTD. 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.