SHARP
SHARP is a Texas oil lease in Childress County, Railroad Commission district 10, operated by Corlena Oil Company. It has 2 wellbores on file with the Commission. Reported production runs from June 2003 to August 2026, totalling 157,629 barrels. The lease is intermittent. 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 $377K, with roughly $128K 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 172 barrels a month, about 86 per wellbore. Its strongest month on the record we hold was October 2017, at 1,081 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 SHARP
- Who operates SHARP?
- SHARP is operated by Corlena Oil Company, Railroad Commission of Texas operator number 178450.
- Where is SHARP?
- SHARP is a Texas oil lease in Childress County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 07456.
- Is SHARP still producing?
- SHARP is intermittent. The most recent month of production reported to the Railroad Commission of Texas for SHARP is August 2026.
- How much has SHARP produced?
- SHARP has reported 157,629 barrels of oil (bbl) to the Railroad Commission of Texas between June 2003 and August 2026, from 2 wellbores.
- How much is SHARP worth?
- The remaining production from SHARP is estimated to be worth about $377K in total as of 26 August 2026, within a range of $294K to $460K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SHARP is a fraction of it. The estimate fits an Arps decline curve to the production SHARP has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SHARP is an estimate of value, not an offer and not an appraisal.
- How much income does SHARP generate in a year?
- SHARP is forecast to net about $128K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SHARP receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Corlena Oil Company |
|---|---|
| Field | Kirkland, S. (Canyon Reef) |
| County | Childress County, Texas |
| RRC district | 10 |
| Lease number | 07456 |
| Wellbores | 2 |
| Reported production | 157,629 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $377K |
Where SHARP 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.