TONTO 121
TONTO 121 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 September 2010 to August 2026, totalling 65,893 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 $838K, with roughly $190K 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 272 barrels a month. Its strongest month on the record we hold was February 2023, at 500 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 TONTO 121
- Who operates TONTO 121?
- TONTO 121 is operated by Sharp Image Energy, Inc., Railroad Commission of Texas operator number 770731.
- Where is TONTO 121?
- TONTO 121 is a Texas oil lease in Scurry County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 69650.
- Is TONTO 121 still producing?
- TONTO 121 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TONTO 121 is August 2026.
- How much has TONTO 121 produced?
- TONTO 121 has reported 65,893 barrels of oil (bbl) to the Railroad Commission of Texas between September 2010 and August 2026, from 1 wellbore.
- How much is TONTO 121 worth?
- The remaining production from TONTO 121 is estimated to be worth about $838K in total as of 26 August 2026, within a range of $653K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TONTO 121 is a fraction of it. The estimate fits an Arps decline curve to the production TONTO 121 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TONTO 121 is an estimate of value, not an offer and not an appraisal.
- How much income does TONTO 121 generate in a year?
- TONTO 121 is forecast to net about $190K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in TONTO 121 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sharp Image Energy, Inc. |
|---|---|
| Field | Towle, SW. (Lime 7150) |
| County | Scurry County, Texas |
| RRC district | 8A |
| Lease number | 69650 |
| Wellbores | 1 |
| Reported production | 65,893 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $838K |
Where TONTO 121 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.