HARRELL "34"
HARRELL "34" is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Crownquest Operating, LLC. It has 2 wellbores on file with the Commission. Reported production runs from January 2010 to August 2026, totalling 185,600 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 593 barrels a month, about 297 per wellbore. Its strongest month on the record we hold was August 2016, at 1,771 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 HARRELL "34"
- Who operates HARRELL "34"?
- HARRELL "34" is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is HARRELL "34"?
- HARRELL "34" is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 39842.
- Is HARRELL "34" still producing?
- HARRELL "34" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HARRELL "34" is August 2026.
- How much has HARRELL "34" produced?
- HARRELL "34" has reported 185,600 barrels of oil (bbl) to the Railroad Commission of Texas between January 2010 and August 2026, from 2 wellbores.
- How much is HARRELL "34" worth?
- The remaining production from HARRELL "34" is estimated to be worth about $1.8M in total as of 26 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 HARRELL "34" is a fraction of it. The estimate fits an Arps decline curve to the production HARRELL "34" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HARRELL "34" is an estimate of value, not an offer and not an appraisal.
- How much income does HARRELL "34" generate in a year?
- HARRELL "34" is forecast to net about $397K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HARRELL "34" 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 | 39842 |
| Wellbores | 2 |
| Reported production | 185,600 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.8M |
Where HARRELL "34" 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.