HORACE 24
HORACE 24 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Crownquest Operating, LLC. It has 3 wellbores on file with the Commission. Reported production runs from December 2014 to August 2026, totalling 107,003 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 $986K, with roughly $180K 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 229 barrels a month, about 76 per wellbore. Its strongest month on the record we hold was September 2018, at 2,517 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 HORACE 24
- Who operates HORACE 24?
- HORACE 24 is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is HORACE 24?
- HORACE 24 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 46085.
- Is HORACE 24 still producing?
- HORACE 24 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HORACE 24 is August 2026.
- How much has HORACE 24 produced?
- HORACE 24 has reported 107,003 barrels of oil (bbl) to the Railroad Commission of Texas between December 2014 and August 2026, from 3 wellbores.
- How much is HORACE 24 worth?
- The remaining production from HORACE 24 is estimated to be worth about $986K in total as of 26 August 2026, within a range of $769K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HORACE 24 is a fraction of it. The estimate fits an Arps decline curve to the production HORACE 24 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HORACE 24 is an estimate of value, not an offer and not an appraisal.
- How much income does HORACE 24 generate in a year?
- HORACE 24 is forecast to net about $180K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HORACE 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 | 46085 |
| Wellbores | 3 |
| Reported production | 107,003 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $986K |
Where HORACE 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.