NANCE 32
NANCE 32 is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Crownquest Operating, LLC. It has 2 wellbores on file with the Commission. Reported production runs from May 2011 to August 2026, totalling 95,682 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 $716K, with roughly $231K 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 357 barrels a month, about 178 per wellbore. Its strongest month on the record we hold was July 2020, at 1,229 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 NANCE 32
- Who operates NANCE 32?
- NANCE 32 is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is NANCE 32?
- NANCE 32 is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 41598.
- Is NANCE 32 still producing?
- NANCE 32 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NANCE 32 is August 2026.
- How much has NANCE 32 produced?
- NANCE 32 has reported 95,682 barrels of oil (bbl) to the Railroad Commission of Texas between May 2011 and August 2026, from 2 wellbores.
- How much is NANCE 32 worth?
- The remaining production from NANCE 32 is estimated to be worth about $716K in total as of 26 August 2026, within a range of $558K to $873K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NANCE 32 is a fraction of it. The estimate fits an Arps decline curve to the production NANCE 32 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NANCE 32 is an estimate of value, not an offer and not an appraisal.
- How much income does NANCE 32 generate in a year?
- NANCE 32 is forecast to net about $231K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NANCE 32 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 | 41598 |
| Wellbores | 2 |
| Reported production | 95,682 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $716K |
Where NANCE 32 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.