CR STATE 28
CR STATE 28 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Crownquest Operating, LLC. It has 7 wellbores on file with the Commission. Reported production runs from October 2011 to August 2026, totalling 187,456 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 $1.8M, with roughly $397K 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 648 barrels a month, about 93 per wellbore. Its strongest month on the record we hold was January 2020, at 1,404 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 CR STATE 28
- Who operates CR STATE 28?
- CR STATE 28 is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is CR STATE 28?
- CR STATE 28 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 42394.
- Is CR STATE 28 still producing?
- CR STATE 28 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CR STATE 28 is August 2026.
- How much has CR STATE 28 produced?
- CR STATE 28 has reported 187,456 barrels of oil (bbl) to the Railroad Commission of Texas between October 2011 and August 2026, from 7 wellbores.
- How much is CR STATE 28 worth?
- The remaining production from CR STATE 28 is estimated to be worth about $1.8M in total as of 27 August 2026, within a range of $1.4M to $2.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CR STATE 28 is a fraction of it. The estimate fits an Arps decline curve to the production CR STATE 28 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CR STATE 28 is an estimate of value, not an offer and not an appraisal.
- How much income does CR STATE 28 generate in a year?
- CR STATE 28 is forecast to net about $397K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CR STATE 28 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 | 42394 |
| Wellbores | 7 |
| Reported production | 187,456 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.8M |
Where CR STATE 28 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.