SIXTEEN PENNY NAIL 310
SIXTEEN PENNY NAIL 310 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Crownquest Operating, LLC. It has 3 wellbores on file with the Commission. Reported production runs from November 2017 to August 2026, totalling 695,782 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 $1.5M, with roughly $789K 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 1,500 barrels a month, about 500 per wellbore. Its strongest month on the record we hold was January 2018, at 37,585 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 SIXTEEN PENNY NAIL 310
- Who operates SIXTEEN PENNY NAIL 310?
- SIXTEEN PENNY NAIL 310 is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is SIXTEEN PENNY NAIL 310?
- SIXTEEN PENNY NAIL 310 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 49967.
- Is SIXTEEN PENNY NAIL 310 still producing?
- SIXTEEN PENNY NAIL 310 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SIXTEEN PENNY NAIL 310 is August 2026.
- How much has SIXTEEN PENNY NAIL 310 produced?
- SIXTEEN PENNY NAIL 310 has reported 695,782 barrels of oil (bbl) to the Railroad Commission of Texas between November 2017 and August 2026, from 3 wellbores.
- How much is SIXTEEN PENNY NAIL 310 worth?
- The remaining production from SIXTEEN PENNY NAIL 310 is estimated to be worth about $1.5M in total as of 27 August 2026, within a range of $1.2M to $1.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SIXTEEN PENNY NAIL 310 is a fraction of it. The estimate fits an Arps decline curve to the production SIXTEEN PENNY NAIL 310 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SIXTEEN PENNY NAIL 310 is an estimate of value, not an offer and not an appraisal.
- How much income does SIXTEEN PENNY NAIL 310 generate in a year?
- SIXTEEN PENNY NAIL 310 is forecast to net about $789K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SIXTEEN PENNY NAIL 310 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 | 49967 |
| Wellbores | 3 |
| Reported production | 695,782 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.5M |
Where SIXTEEN PENNY NAIL 310 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.