PALMITO RANCH
PALMITO RANCH is a Texas oil lease in Glasscock County, Railroad Commission district 08, operated by Crownquest Operating, LLC. It has 4 wellbores on file with the Commission. Reported production runs from March 2024 to August 2026, totalling 682,182 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 $30.5M, with roughly $8.4M 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 13,466 barrels a month, about 3,367 per wellbore. Its strongest month on the record we hold was March 2024, at 80,955 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 PALMITO RANCH
- Who operates PALMITO RANCH?
- PALMITO RANCH is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is PALMITO RANCH?
- PALMITO RANCH is a Texas oil lease in Glasscock County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 61492.
- Is PALMITO RANCH still producing?
- PALMITO RANCH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PALMITO RANCH is August 2026.
- How much has PALMITO RANCH produced?
- PALMITO RANCH has reported 682,182 barrels of oil (bbl) to the Railroad Commission of Texas between March 2024 and August 2026, from 4 wellbores.
- How much is PALMITO RANCH worth?
- The remaining production from PALMITO RANCH is estimated to be worth about $30.5M in total as of 27 August 2026, within a range of $25.0M to $36.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PALMITO RANCH is a fraction of it. The estimate fits an Arps decline curve to the production PALMITO RANCH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PALMITO RANCH is an estimate of value, not an offer and not an appraisal.
- How much income does PALMITO RANCH generate in a year?
- PALMITO RANCH is forecast to net about $8.4M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PALMITO RANCH 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 | 61492 |
| Wellbores | 4 |
| Reported production | 682,182 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $30.5M |
Where PALMITO RANCH 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.