TOE NAIL L
TOE NAIL L 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 January 2020 to August 2026, totalling 274,078 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 $1.7M, with roughly $469K 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 691 barrels a month. Its strongest month on the record we hold was March 2020, at 24,267 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 TOE NAIL L
- Who operates TOE NAIL L?
- TOE NAIL L is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is TOE NAIL L?
- TOE NAIL L is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 54106.
- Is TOE NAIL L still producing?
- TOE NAIL L is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TOE NAIL L is August 2026.
- How much has TOE NAIL L produced?
- TOE NAIL L has reported 274,078 barrels of oil (bbl) to the Railroad Commission of Texas between January 2020 and August 2026, from 1 wellbore.
- How much is TOE NAIL L worth?
- The remaining production from TOE NAIL L is estimated to be worth about $1.7M in total as of 27 August 2026, within a range of $1.3M to $2.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TOE NAIL L is a fraction of it. The estimate fits an Arps decline curve to the production TOE NAIL L has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TOE NAIL L is an estimate of value, not an offer and not an appraisal.
- How much income does TOE NAIL L generate in a year?
- TOE NAIL L is forecast to net about $469K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in TOE NAIL L 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 | 54106 |
| Wellbores | 1 |
| Reported production | 274,078 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.7M |
Where TOE NAIL L 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.