FIVE RESOURCES 24
FIVE RESOURCES 24 is a Texas oil lease in Kent County, Railroad Commission district 8A, operated by Sharp Image Energy, Inc. It has 1 wellbore on file with the Commission. Reported production runs from February 2015 to August 2026, totalling 163,654 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 $620K, 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 236 barrels a month. Its strongest month on the record we hold was May 2016, at 2,964 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 FIVE RESOURCES 24
- Who operates FIVE RESOURCES 24?
- FIVE RESOURCES 24 is operated by Sharp Image Energy, Inc., Railroad Commission of Texas operator number 770731.
- Where is FIVE RESOURCES 24?
- FIVE RESOURCES 24 is a Texas oil lease in Kent County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70323.
- Is FIVE RESOURCES 24 still producing?
- FIVE RESOURCES 24 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FIVE RESOURCES 24 is August 2026.
- How much has FIVE RESOURCES 24 produced?
- FIVE RESOURCES 24 has reported 163,654 barrels of oil (bbl) to the Railroad Commission of Texas between February 2015 and August 2026, from 1 wellbore.
- How much is FIVE RESOURCES 24 worth?
- The remaining production from FIVE RESOURCES 24 is estimated to be worth about $620K in total as of 26 August 2026, within a range of $484K to $756K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FIVE RESOURCES 24 is a fraction of it. The estimate fits an Arps decline curve to the production FIVE RESOURCES 24 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FIVE RESOURCES 24 is an estimate of value, not an offer and not an appraisal.
- How much income does FIVE RESOURCES 24 generate in a year?
- FIVE RESOURCES 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 FIVE RESOURCES 24 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sharp Image Energy, Inc. |
|---|---|
| Field | S.N.B. (Cisco) |
| County | Kent County, Texas |
| RRC district | 8A |
| Lease number | 70323 |
| Wellbores | 1 |
| Reported production | 163,654 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $620K |
Where FIVE RESOURCES 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.