LEXINGTON
LEXINGTON is a Texas oil lease in Glasscock County, Railroad Commission district 08, operated by Crownquest Operating, LLC. It has 6 wellbores on file with the Commission. Reported production runs from June 2022 to August 2026, totalling 1,769,839 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 $18.4M, with roughly $8.7M 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 15,663 barrels a month, about 2,610 per wellbore. Its strongest month on the record we hold was January 2023, at 217,376 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 LEXINGTON
- Who operates LEXINGTON?
- LEXINGTON is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is LEXINGTON?
- LEXINGTON is a Texas oil lease in Glasscock County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 58203.
- Is LEXINGTON still producing?
- LEXINGTON is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LEXINGTON is August 2026.
- How much has LEXINGTON produced?
- LEXINGTON has reported 1,769,839 barrels of oil (bbl) to the Railroad Commission of Texas between June 2022 and August 2026, from 6 wellbores.
- How much is LEXINGTON worth?
- The remaining production from LEXINGTON is estimated to be worth about $18.4M in total as of 27 August 2026, within a range of $15.1M to $21.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LEXINGTON is a fraction of it. The estimate fits an Arps decline curve to the production LEXINGTON has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LEXINGTON is an estimate of value, not an offer and not an appraisal.
- How much income does LEXINGTON generate in a year?
- LEXINGTON is forecast to net about $8.7M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in LEXINGTON receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Crownquest Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Glasscock County, Texas |
| RRC district | 08 |
| Lease number | 58203 |
| Wellbores | 6 |
| Reported production | 1,769,839 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $18.4M |
Where LEXINGTON 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.