NORTH TONTO 391 #4
NORTH TONTO 391 #4 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 November 2018 to August 2026, totalling 7,260 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 $138K, with roughly $27K 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 34 barrels a month. Its strongest month on the record we hold was February 2019, at 331 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 NORTH TONTO 391 #4
- Who operates NORTH TONTO 391 #4?
- NORTH TONTO 391 #4 is operated by Sharp Image Energy, Inc., Railroad Commission of Texas operator number 770731.
- Where is NORTH TONTO 391 #4?
- NORTH TONTO 391 #4 is a Texas oil lease in Scurry County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70828.
- Is NORTH TONTO 391 #4 still producing?
- NORTH TONTO 391 #4 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NORTH TONTO 391 #4 is August 2026.
- How much has NORTH TONTO 391 #4 produced?
- NORTH TONTO 391 #4 has reported 7,260 barrels of oil (bbl) to the Railroad Commission of Texas between November 2018 and August 2026, from 1 wellbore.
- How much is NORTH TONTO 391 #4 worth?
- The remaining production from NORTH TONTO 391 #4 is estimated to be worth about $138K in total as of 26 August 2026, within a range of $76K to $200K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NORTH TONTO 391 #4 is a fraction of it. The estimate fits an Arps decline curve to the production NORTH TONTO 391 #4 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NORTH TONTO 391 #4 is an estimate of value, not an offer and not an appraisal.
- How much income does NORTH TONTO 391 #4 generate in a year?
- NORTH TONTO 391 #4 is forecast to net about $27K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NORTH TONTO 391 #4 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sharp Image Energy, Inc. |
|---|---|
| Field | Kelly-Snyder (Cisco Sand) |
| County | Scurry County, Texas |
| RRC district | 8A |
| Lease number | 70828 |
| Wellbores | 1 |
| Reported production | 7,260 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $138K |
Where NORTH TONTO 391 #4 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.