RAY UNIT 23
RAY UNIT 23 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 August 2015 to August 2026, totalling 37,305 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 $308K, with roughly $53K 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 53 barrels a month. Its strongest month on the record we hold was June 2018, at 1,270 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 RAY UNIT 23
- Who operates RAY UNIT 23?
- RAY UNIT 23 is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is RAY UNIT 23?
- RAY UNIT 23 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 46989.
- Is RAY UNIT 23 still producing?
- RAY UNIT 23 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RAY UNIT 23 is August 2026.
- How much has RAY UNIT 23 produced?
- RAY UNIT 23 has reported 37,305 barrels of oil (bbl) to the Railroad Commission of Texas between August 2015 and August 2026, from 1 wellbore.
- How much is RAY UNIT 23 worth?
- The remaining production from RAY UNIT 23 is estimated to be worth about $308K in total as of 26 August 2026, within a range of $170K to $447K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RAY UNIT 23 is a fraction of it. The estimate fits an Arps decline curve to the production RAY UNIT 23 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RAY UNIT 23 is an estimate of value, not an offer and not an appraisal.
- How much income does RAY UNIT 23 generate in a year?
- RAY UNIT 23 is forecast to net about $53K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RAY UNIT 23 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 | 46989 |
| Wellbores | 1 |
| Reported production | 37,305 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $308K |
Where RAY UNIT 23 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.