RHENIUM FR 19
RHENIUM FR 19 is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Crownquest Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2021 to August 2026, totalling 59,403 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 $1.2M, with roughly $313K 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 369 barrels a month. Its strongest month on the record we hold was November 2021, at 7,625 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 RHENIUM FR 19
- Who operates RHENIUM FR 19?
- RHENIUM FR 19 is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is RHENIUM FR 19?
- RHENIUM FR 19 is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 56714.
- Is RHENIUM FR 19 still producing?
- RHENIUM FR 19 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RHENIUM FR 19 is August 2026.
- How much has RHENIUM FR 19 produced?
- RHENIUM FR 19 has reported 59,403 barrels of oil (bbl) to the Railroad Commission of Texas between October 2021 and August 2026, from 1 wellbore.
- How much is RHENIUM FR 19 worth?
- The remaining production from RHENIUM FR 19 is estimated to be worth about $1.2M in total as of 27 August 2026, within a range of $898K to $1.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RHENIUM FR 19 is a fraction of it. The estimate fits an Arps decline curve to the production RHENIUM FR 19 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RHENIUM FR 19 is an estimate of value, not an offer and not an appraisal.
- How much income does RHENIUM FR 19 generate in a year?
- RHENIUM FR 19 is forecast to net about $313K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in RHENIUM FR 19 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 | Midland County, Texas |
| RRC district | 08 |
| Lease number | 56714 |
| Wellbores | 1 |
| Reported production | 59,403 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.2M |
Where RHENIUM FR 19 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.