GEORGIA 39
GEORGIA 39 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 May 2014 to August 2026, totalling 100,137 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 $342K, with roughly $185K 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 337 barrels a month. Its strongest month on the record we hold was October 2016, at 1,059 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 GEORGIA 39
- Who operates GEORGIA 39?
- GEORGIA 39 is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is GEORGIA 39?
- GEORGIA 39 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 45265.
- Is GEORGIA 39 still producing?
- GEORGIA 39 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GEORGIA 39 is August 2026.
- How much has GEORGIA 39 produced?
- GEORGIA 39 has reported 100,137 barrels of oil (bbl) to the Railroad Commission of Texas between May 2014 and August 2026, from 1 wellbore.
- How much is GEORGIA 39 worth?
- The remaining production from GEORGIA 39 is estimated to be worth about $342K in total as of 27 August 2026, within a range of $267K to $418K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GEORGIA 39 is a fraction of it. The estimate fits an Arps decline curve to the production GEORGIA 39 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GEORGIA 39 is an estimate of value, not an offer and not an appraisal.
- How much income does GEORGIA 39 generate in a year?
- GEORGIA 39 is forecast to net about $185K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GEORGIA 39 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 | 45265 |
| Wellbores | 1 |
| Reported production | 100,137 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $342K |
Where GEORGIA 39 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.