GORMAN 48
GORMAN 48 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 February 2013 to August 2026, totalling 61,134 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 $1.0M, with roughly $193K 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 238 barrels a month. Its strongest month on the record we hold was October 2023, at 791 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 GORMAN 48
- Who operates GORMAN 48?
- GORMAN 48 is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is GORMAN 48?
- GORMAN 48 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 43806.
- Is GORMAN 48 still producing?
- GORMAN 48 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GORMAN 48 is August 2026.
- How much has GORMAN 48 produced?
- GORMAN 48 has reported 61,134 barrels of oil (bbl) to the Railroad Commission of Texas between February 2013 and August 2026, from 1 wellbore.
- How much is GORMAN 48 worth?
- The remaining production from GORMAN 48 is estimated to be worth about $1.0M in total as of 26 August 2026, within a range of $815K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GORMAN 48 is a fraction of it. The estimate fits an Arps decline curve to the production GORMAN 48 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GORMAN 48 is an estimate of value, not an offer and not an appraisal.
- How much income does GORMAN 48 generate in a year?
- GORMAN 48 is forecast to net about $193K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GORMAN 48 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 | 43806 |
| Wellbores | 1 |
| Reported production | 61,134 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.0M |
Where GORMAN 48 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.