COMMON NAIL
COMMON NAIL is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Crownquest Operating, LLC. It has 4 wellbores on file with the Commission. Reported production runs from June 2022 to August 2026, totalling 943,932 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 $21.5M, with roughly $6.2M 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 9,240 barrels a month, about 2,310 per wellbore. Its strongest month on the record we hold was December 2022, at 80,238 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 COMMON NAIL
- Who operates COMMON NAIL?
- COMMON NAIL is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is COMMON NAIL?
- COMMON NAIL is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 57805.
- Is COMMON NAIL still producing?
- COMMON NAIL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COMMON NAIL is August 2026.
- How much has COMMON NAIL produced?
- COMMON NAIL has reported 943,932 barrels of oil (bbl) to the Railroad Commission of Texas between June 2022 and August 2026, from 4 wellbores.
- How much is COMMON NAIL worth?
- The remaining production from COMMON NAIL is estimated to be worth about $21.5M in total as of 27 August 2026, within a range of $17.8M to $25.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COMMON NAIL is a fraction of it. The estimate fits an Arps decline curve to the production COMMON NAIL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COMMON NAIL is an estimate of value, not an offer and not an appraisal.
- How much income does COMMON NAIL generate in a year?
- COMMON NAIL is forecast to net about $6.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in COMMON NAIL 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 | 57805 |
| Wellbores | 4 |
| Reported production | 943,932 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $21.5M |
Where COMMON NAIL 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.