KRONOS
KRONOS is a Texas oil lease in Kent County, Railroad Commission district 8A, operated by West Texas Oil And Gas Oper.,Inc. It has 3 wellbores on file with the Commission. Reported production runs from January 2014 to August 2026, totalling 195,385 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 $2.2M, with roughly $500K 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 716 barrels a month, about 239 per wellbore. Its strongest month on the record we hold was May 2018, at 2,942 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 KRONOS
- Who operates KRONOS?
- KRONOS is operated by West Texas Oil And Gas Oper.,Inc, Railroad Commission of Texas operator number 910335.
- Where is KRONOS?
- KRONOS is a Texas oil lease in Kent County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70301.
- Is KRONOS still producing?
- KRONOS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KRONOS is August 2026.
- How much has KRONOS produced?
- KRONOS has reported 195,385 barrels of oil (bbl) to the Railroad Commission of Texas between January 2014 and August 2026, from 3 wellbores.
- How much is KRONOS worth?
- The remaining production from KRONOS is estimated to be worth about $2.2M in total as of 27 August 2026, within a range of $1.7M to $2.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KRONOS is a fraction of it. The estimate fits an Arps decline curve to the production KRONOS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KRONOS is an estimate of value, not an offer and not an appraisal.
- How much income does KRONOS generate in a year?
- KRONOS is forecast to net about $500K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in KRONOS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | West Texas Oil And Gas Oper.,Inc |
|---|---|
| Field | Clairemont, East (Strawn) |
| County | Kent County, Texas |
| RRC district | 8A |
| Lease number | 70301 |
| Wellbores | 3 |
| Reported production | 195,385 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.2M |
Where KRONOS 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.