WEST, IRA
WEST, IRA is a Texas oil lease in Scurry County, Railroad Commission district 8A, operated by Sharp Image Energy, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1995 to August 2026, totalling 54,165 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 $265K, with roughly $51K 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 68 barrels a month. Its strongest month on the record we hold was February 2022, at 123 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 WEST, IRA
- Who operates WEST, IRA?
- WEST, IRA is operated by Sharp Image Energy, Inc., Railroad Commission of Texas operator number 770731.
- Where is WEST, IRA?
- WEST, IRA is a Texas oil lease in Scurry County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 67354.
- Is WEST, IRA still producing?
- WEST, IRA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WEST, IRA is August 2026.
- How much has WEST, IRA produced?
- WEST, IRA has reported 54,165 barrels of oil (bbl) to the Railroad Commission of Texas between January 1995 and August 2026, from 1 wellbore.
- How much is WEST, IRA worth?
- The remaining production from WEST, IRA is estimated to be worth about $265K in total as of 27 August 2026, within a range of $146K to $384K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WEST, IRA is a fraction of it. The estimate fits an Arps decline curve to the production WEST, IRA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WEST, IRA is an estimate of value, not an offer and not an appraisal.
- How much income does WEST, IRA generate in a year?
- WEST, IRA is forecast to net about $51K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WEST, IRA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sharp Image Energy, Inc. |
|---|---|
| Field | Ira, West (Canyon Reef) |
| County | Scurry County, Texas |
| RRC district | 8A |
| Lease number | 67354 |
| Wellbores | 1 |
| Reported production | 54,165 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $265K |
Where WEST, IRA 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.