GEM STONE 35
GEM STONE 35 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 February 2022 to August 2026, totalling 43,870 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 $646K, with roughly $216K 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 306 barrels a month. Its strongest month on the record we hold was May 2022, at 4,068 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 GEM STONE 35
- Who operates GEM STONE 35?
- GEM STONE 35 is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is GEM STONE 35?
- GEM STONE 35 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 59773.
- Is GEM STONE 35 still producing?
- GEM STONE 35 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GEM STONE 35 is August 2026.
- How much has GEM STONE 35 produced?
- GEM STONE 35 has reported 43,870 barrels of oil (bbl) to the Railroad Commission of Texas between February 2022 and August 2026, from 1 wellbore.
- How much is GEM STONE 35 worth?
- The remaining production from GEM STONE 35 is estimated to be worth about $646K in total as of 26 August 2026, within a range of $504K to $789K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GEM STONE 35 is a fraction of it. The estimate fits an Arps decline curve to the production GEM STONE 35 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GEM STONE 35 is an estimate of value, not an offer and not an appraisal.
- How much income does GEM STONE 35 generate in a year?
- GEM STONE 35 is forecast to net about $216K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GEM STONE 35 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 | 59773 |
| Wellbores | 1 |
| Reported production | 43,870 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $646K |
Where GEM STONE 35 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.