RUSSELL UNIT 23
RUSSELL UNIT 23 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Crownquest Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from May 2014 to August 2026, totalling 22,655 barrels. The lease is intermittent. 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 $270K, with roughly $43K 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 34 barrels a month. Its strongest month on the record we hold was June 2020, at 298 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 RUSSELL UNIT 23
- Who operates RUSSELL UNIT 23?
- RUSSELL UNIT 23 is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is RUSSELL UNIT 23?
- RUSSELL UNIT 23 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 45443.
- Is RUSSELL UNIT 23 still producing?
- RUSSELL UNIT 23 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for RUSSELL UNIT 23 is August 2026.
- How much has RUSSELL UNIT 23 produced?
- RUSSELL UNIT 23 has reported 22,655 barrels of oil (bbl) to the Railroad Commission of Texas between May 2014 and August 2026, from 1 wellbore.
- How much is RUSSELL UNIT 23 worth?
- The remaining production from RUSSELL UNIT 23 is estimated to be worth about $270K in total as of 26 August 2026, within a range of $148K to $391K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RUSSELL UNIT 23 is a fraction of it. The estimate fits an Arps decline curve to the production RUSSELL UNIT 23 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RUSSELL UNIT 23 is an estimate of value, not an offer and not an appraisal.
- How much income does RUSSELL UNIT 23 generate in a year?
- RUSSELL UNIT 23 is forecast to net about $43K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RUSSELL UNIT 23 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 | Howard County, Texas |
| RRC district | 08 |
| Lease number | 45443 |
| Wellbores | 1 |
| Reported production | 22,655 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $270K |
Where RUSSELL UNIT 23 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.