RED OAK
RED OAK is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Crownquest Operating, LLC. It has 2 wellbores on file with the Commission. Reported production runs from January 2020 to August 2026, totalling 273,809 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 $3.9M, with roughly $870K 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 878 barrels a month, about 439 per wellbore. Its strongest month on the record we hold was March 2021, at 30,333 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 RED OAK
- Who operates RED OAK?
- RED OAK is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is RED OAK?
- RED OAK is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 55281.
- Is RED OAK still producing?
- RED OAK is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RED OAK is August 2026.
- How much has RED OAK produced?
- RED OAK has reported 273,809 barrels of oil (bbl) to the Railroad Commission of Texas between January 2020 and August 2026, from 2 wellbores.
- How much is RED OAK worth?
- The remaining production from RED OAK is estimated to be worth about $3.9M in total as of 26 August 2026, within a range of $3.0M to $4.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RED OAK is a fraction of it. The estimate fits an Arps decline curve to the production RED OAK has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RED OAK is an estimate of value, not an offer and not an appraisal.
- How much income does RED OAK generate in a year?
- RED OAK is forecast to net about $870K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RED OAK 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 | 55281 |
| Wellbores | 2 |
| Reported production | 273,809 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.9M |
Where RED OAK 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.