CITY NAIL
CITY NAIL is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Crownquest Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from April 2018 to August 2026, totalling 60,471 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 $1.0M, with roughly $227K 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 275 barrels a month. Its strongest month on the record we hold was July 2018, at 2,320 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 CITY NAIL
- Who operates CITY NAIL?
- CITY NAIL is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is CITY NAIL?
- CITY NAIL is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51179.
- Is CITY NAIL still producing?
- CITY NAIL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CITY NAIL is August 2026.
- How much has CITY NAIL produced?
- CITY NAIL has reported 60,471 barrels of oil (bbl) to the Railroad Commission of Texas between April 2018 and August 2026, from 1 wellbore.
- How much is CITY NAIL worth?
- The remaining production from CITY NAIL is estimated to be worth about $1.0M in total as of 27 August 2026, within a range of $815K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CITY NAIL is a fraction of it. The estimate fits an Arps decline curve to the production CITY NAIL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CITY NAIL is an estimate of value, not an offer and not an appraisal.
- How much income does CITY NAIL generate in a year?
- CITY NAIL is forecast to net about $227K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CITY NAIL 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 | 51179 |
| Wellbores | 1 |
| Reported production | 60,471 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.0M |
Where CITY NAIL 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.