SWEETGUM
SWEETGUM is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Crownquest Operating, LLC. It has 4 wellbores on file with the Commission. Reported production runs from September 2020 to August 2026, totalling 695,118 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 $4.0M, with roughly $1.2M 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 1,756 barrels a month, about 439 per wellbore. Its strongest month on the record we hold was February 2021, at 77,833 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 SWEETGUM
- Who operates SWEETGUM?
- SWEETGUM is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is SWEETGUM?
- SWEETGUM is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 55218.
- Is SWEETGUM still producing?
- SWEETGUM is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SWEETGUM is August 2026.
- How much has SWEETGUM produced?
- SWEETGUM has reported 695,118 barrels of oil (bbl) to the Railroad Commission of Texas between September 2020 and August 2026, from 4 wellbores.
- How much is SWEETGUM worth?
- The remaining production from SWEETGUM is estimated to be worth about $4.0M in total as of 27 August 2026, within a range of $3.3M to $4.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SWEETGUM is a fraction of it. The estimate fits an Arps decline curve to the production SWEETGUM has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SWEETGUM is an estimate of value, not an offer and not an appraisal.
- How much income does SWEETGUM generate in a year?
- SWEETGUM is forecast to net about $1.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SWEETGUM 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 | 55218 |
| Wellbores | 4 |
| Reported production | 695,118 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.0M |
Where SWEETGUM 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.