FR IRIDIUM 11
FR IRIDIUM 11 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 July 2017 to August 2026, totalling 126,434 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 $992K, with roughly $532K 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 962 barrels a month. Its strongest month on the record we hold was July 2017, at 5,798 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 FR IRIDIUM 11
- Who operates FR IRIDIUM 11?
- FR IRIDIUM 11 is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is FR IRIDIUM 11?
- FR IRIDIUM 11 is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 49249.
- Is FR IRIDIUM 11 still producing?
- FR IRIDIUM 11 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FR IRIDIUM 11 is August 2026.
- How much has FR IRIDIUM 11 produced?
- FR IRIDIUM 11 has reported 126,434 barrels of oil (bbl) to the Railroad Commission of Texas between July 2017 and August 2026, from 1 wellbore.
- How much is FR IRIDIUM 11 worth?
- The remaining production from FR IRIDIUM 11 is estimated to be worth about $992K in total as of 27 August 2026, within a range of $774K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FR IRIDIUM 11 is a fraction of it. The estimate fits an Arps decline curve to the production FR IRIDIUM 11 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FR IRIDIUM 11 is an estimate of value, not an offer and not an appraisal.
- How much income does FR IRIDIUM 11 generate in a year?
- FR IRIDIUM 11 is forecast to net about $532K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in FR IRIDIUM 11 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) R 40 Exc |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 49249 |
| Wellbores | 1 |
| Reported production | 126,434 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $992K |
Where FR IRIDIUM 11 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.