FR NEON 15
FR NEON 15 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 January 2015 to August 2026, totalling 146,015 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 $930K, with roughly $174K 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 245 barrels a month. Its strongest month on the record we hold was September 2020, at 1,846 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 NEON 15
- Who operates FR NEON 15?
- FR NEON 15 is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is FR NEON 15?
- FR NEON 15 is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 46102.
- Is FR NEON 15 still producing?
- FR NEON 15 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FR NEON 15 is August 2026.
- How much has FR NEON 15 produced?
- FR NEON 15 has reported 146,015 barrels of oil (bbl) to the Railroad Commission of Texas between January 2015 and August 2026, from 1 wellbore.
- How much is FR NEON 15 worth?
- The remaining production from FR NEON 15 is estimated to be worth about $930K in total as of 27 August 2026, within a range of $725K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FR NEON 15 is a fraction of it. The estimate fits an Arps decline curve to the production FR NEON 15 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FR NEON 15 is an estimate of value, not an offer and not an appraisal.
- How much income does FR NEON 15 generate in a year?
- FR NEON 15 is forecast to net about $174K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in FR NEON 15 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 | 46102 |
| Wellbores | 1 |
| Reported production | 146,015 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $930K |
Where FR NEON 15 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.