AIRHART COLE 54
AIRHART COLE 54 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Crownquest Operating, LLC. It has 5 wellbores on file with the Commission. Reported production runs from October 2013 to August 2026, totalling 307,599 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 $543K, with roughly $370K 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 1,075 barrels a month, about 215 per wellbore. Its strongest month on the record we hold was May 2016, at 2,602 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 AIRHART COLE 54
- Who operates AIRHART COLE 54?
- AIRHART COLE 54 is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is AIRHART COLE 54?
- AIRHART COLE 54 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 44725.
- Is AIRHART COLE 54 still producing?
- AIRHART COLE 54 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for AIRHART COLE 54 is August 2026.
- How much has AIRHART COLE 54 produced?
- AIRHART COLE 54 has reported 307,599 barrels of oil (bbl) to the Railroad Commission of Texas between October 2013 and August 2026, from 5 wellbores.
- How much is AIRHART COLE 54 worth?
- The remaining production from AIRHART COLE 54 is estimated to be worth about $543K in total as of 26 August 2026, within a range of $451K to $636K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in AIRHART COLE 54 is a fraction of it. The estimate fits an Arps decline curve to the production AIRHART COLE 54 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for AIRHART COLE 54 is an estimate of value, not an offer and not an appraisal.
- How much income does AIRHART COLE 54 generate in a year?
- AIRHART COLE 54 is forecast to net about $370K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in AIRHART COLE 54 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 | Martin County, Texas |
| RRC district | 08 |
| Lease number | 44725 |
| Wellbores | 5 |
| Reported production | 307,599 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $543K |
Where AIRHART COLE 54 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.