BUZ STATE 24
BUZ STATE 24 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Crownquest Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from January 2016 to August 2026, totalling 53,217 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 $786K, with roughly $141K 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 150 barrels a month. Its strongest month on the record we hold was September 2018, at 1,454 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 BUZ STATE 24
- Who operates BUZ STATE 24?
- BUZ STATE 24 is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is BUZ STATE 24?
- BUZ STATE 24 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47540.
- Is BUZ STATE 24 still producing?
- BUZ STATE 24 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BUZ STATE 24 is August 2026.
- How much has BUZ STATE 24 produced?
- BUZ STATE 24 has reported 53,217 barrels of oil (bbl) to the Railroad Commission of Texas between January 2016 and August 2026, from 1 wellbore.
- How much is BUZ STATE 24 worth?
- The remaining production from BUZ STATE 24 is estimated to be worth about $786K in total as of 26 August 2026, within a range of $613K to $958K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BUZ STATE 24 is a fraction of it. The estimate fits an Arps decline curve to the production BUZ STATE 24 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BUZ STATE 24 is an estimate of value, not an offer and not an appraisal.
- How much income does BUZ STATE 24 generate in a year?
- BUZ STATE 24 is forecast to net about $141K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BUZ STATE 24 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 | Howard County, Texas |
| RRC district | 08 |
| Lease number | 47540 |
| Wellbores | 1 |
| Reported production | 53,217 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $786K |
Where BUZ STATE 24 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.