NEEDLE
NEEDLE 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 December 2021 to August 2026, totalling 283,025 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $89K, with roughly $36K expected over the next twelve months.
| Operator | Crownquest Operating, Llc |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 57544 |
| Wellbores | 1 |
| Reported production | 283,025 bbl |
| First reported | December 2021 |
| Last reported | August 2026 |
| Estimated royalty value | $89K |
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.