FIVE WAY 15
FIVE WAY 15 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Crownquest Operating, LLC. It has 8 wellbores on file with the Commission. Reported production runs from April 2015 to August 2026, totalling 770,612 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 $12.7M, with roughly $2.9M 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 3,857 barrels a month, about 482 per wellbore. Its strongest month on the record we hold was February 2021, at 12,123 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 FIVE WAY 15
- Who operates FIVE WAY 15?
- FIVE WAY 15 is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is FIVE WAY 15?
- FIVE WAY 15 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 46566.
- Is FIVE WAY 15 still producing?
- FIVE WAY 15 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FIVE WAY 15 is August 2026.
- How much has FIVE WAY 15 produced?
- FIVE WAY 15 has reported 770,612 barrels of oil (bbl) to the Railroad Commission of Texas between April 2015 and August 2026, from 8 wellbores.
- How much is FIVE WAY 15 worth?
- The remaining production from FIVE WAY 15 is estimated to be worth about $12.7M in total as of 27 August 2026, within a range of $10.5M to $14.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FIVE WAY 15 is a fraction of it. The estimate fits an Arps decline curve to the production FIVE WAY 15 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FIVE WAY 15 is an estimate of value, not an offer and not an appraisal.
- How much income does FIVE WAY 15 generate in a year?
- FIVE WAY 15 is forecast to net about $2.9M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in FIVE WAY 15 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 | 46566 |
| Wellbores | 8 |
| Reported production | 770,612 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $12.7M |
Where FIVE WAY 15 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.