SHORTY 40
SHORTY 40 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 March 2018 to August 2026, totalling 185,769 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 $1.2M, with roughly $320K 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 377 barrels a month. Its strongest month on the record we hold was August 2018, at 6,922 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 SHORTY 40
- Who operates SHORTY 40?
- SHORTY 40 is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is SHORTY 40?
- SHORTY 40 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 50029.
- Is SHORTY 40 still producing?
- SHORTY 40 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SHORTY 40 is August 2026.
- How much has SHORTY 40 produced?
- SHORTY 40 has reported 185,769 barrels of oil (bbl) to the Railroad Commission of Texas between March 2018 and August 2026, from 1 wellbore.
- How much is SHORTY 40 worth?
- The remaining production from SHORTY 40 is estimated to be worth about $1.2M in total as of 27 August 2026, within a range of $936K to $1.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SHORTY 40 is a fraction of it. The estimate fits an Arps decline curve to the production SHORTY 40 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SHORTY 40 is an estimate of value, not an offer and not an appraisal.
- How much income does SHORTY 40 generate in a year?
- SHORTY 40 is forecast to net about $320K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SHORTY 40 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 | 50029 |
| Wellbores | 1 |
| Reported production | 185,769 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.2M |
Where SHORTY 40 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.