CHEESE 18
CHEESE 18 is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Crownquest Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from December 2020 to August 2026, totalling 132,158 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 $554K 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 917 barrels a month. Its strongest month on the record we hold was March 2021, at 5,871 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 CHEESE 18
- Who operates CHEESE 18?
- CHEESE 18 is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is CHEESE 18?
- CHEESE 18 is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 55269.
- Is CHEESE 18 still producing?
- CHEESE 18 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHEESE 18 is August 2026.
- How much has CHEESE 18 produced?
- CHEESE 18 has reported 132,158 barrels of oil (bbl) to the Railroad Commission of Texas between December 2020 and August 2026, from 1 wellbore.
- How much is CHEESE 18 worth?
- The remaining production from CHEESE 18 is estimated to be worth about $1.8M in total as of 26 August 2026, within a range of $1.4M to $2.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHEESE 18 is a fraction of it. The estimate fits an Arps decline curve to the production CHEESE 18 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHEESE 18 is an estimate of value, not an offer and not an appraisal.
- How much income does CHEESE 18 generate in a year?
- CHEESE 18 is forecast to net about $554K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CHEESE 18 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 | Midland County, Texas |
| RRC district | 08 |
| Lease number | 55269 |
| Wellbores | 1 |
| Reported production | 132,158 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.8M |
Where CHEESE 18 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.