KING 27
KING 27 is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Apache Corporation. It has 5 wellbores on file with the Commission. Reported production runs from April 2013 to August 2026, totalling 152,720 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 $696K, 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 137 barrels a month, about 27 per wellbore. Its strongest month on the record we hold was October 2017, at 1,384 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 KING 27
- Who operates KING 27?
- KING 27 is operated by Apache Corporation, Railroad Commission of Texas operator number 027200.
- Where is KING 27?
- KING 27 is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 43874.
- Is KING 27 still producing?
- KING 27 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KING 27 is August 2026.
- How much has KING 27 produced?
- KING 27 has reported 152,720 barrels of oil (bbl) to the Railroad Commission of Texas between April 2013 and August 2026, from 5 wellbores.
- How much is KING 27 worth?
- The remaining production from KING 27 is estimated to be worth about $696K in total as of 26 August 2026, within a range of $543K to $849K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KING 27 is a fraction of it. The estimate fits an Arps decline curve to the production KING 27 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KING 27 is an estimate of value, not an offer and not an appraisal.
- How much income does KING 27 generate in a year?
- KING 27 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 KING 27 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apache Corporation |
|---|---|
| Field | Mcelroy |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 43874 |
| Wellbores | 5 |
| Reported production | 152,720 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $696K |
Where KING 27 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.