KING 59
KING 59 is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Apache Corporation. It has 3 wellbores on file with the Commission. Reported production runs from June 2014 to August 2026, totalling 786,792 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 $4.4M, with roughly $1.2M 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 1,730 barrels a month, about 577 per wellbore. Its strongest month on the record we hold was May 2016, at 11,793 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 59
- Who operates KING 59?
- KING 59 is operated by Apache Corporation, Railroad Commission of Texas operator number 027200.
- Where is KING 59?
- KING 59 is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 46724.
- Is KING 59 still producing?
- KING 59 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KING 59 is August 2026.
- How much has KING 59 produced?
- KING 59 has reported 786,792 barrels of oil (bbl) to the Railroad Commission of Texas between June 2014 and August 2026, from 3 wellbores.
- How much is KING 59 worth?
- The remaining production from KING 59 is estimated to be worth about $4.4M in total as of 26 August 2026, within a range of $3.6M to $5.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KING 59 is a fraction of it. The estimate fits an Arps decline curve to the production KING 59 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KING 59 is an estimate of value, not an offer and not an appraisal.
- How much income does KING 59 generate in a year?
- KING 59 is forecast to net about $1.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in KING 59 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apache Corporation |
|---|---|
| Field | Roepke (Wolfcamp) |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 46724 |
| Wellbores | 3 |
| Reported production | 786,792 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.4M |
Where KING 59 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.