PEGASUS 1
PEGASUS 1 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 June 2019 to August 2026, totalling 71,672 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 $1.5M, with roughly $503K 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 928 barrels a month. Its strongest month on the record we hold was June 2019, at 2,980 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 PEGASUS 1
- Who operates PEGASUS 1?
- PEGASUS 1 is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is PEGASUS 1?
- PEGASUS 1 is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 52743.
- Is PEGASUS 1 still producing?
- PEGASUS 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PEGASUS 1 is August 2026.
- How much has PEGASUS 1 produced?
- PEGASUS 1 has reported 71,672 barrels of oil (bbl) to the Railroad Commission of Texas between June 2019 and August 2026, from 1 wellbore.
- How much is PEGASUS 1 worth?
- The remaining production from PEGASUS 1 is estimated to be worth about $1.5M in total as of 26 August 2026, within a range of $1.2M to $1.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PEGASUS 1 is a fraction of it. The estimate fits an Arps decline curve to the production PEGASUS 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PEGASUS 1 is an estimate of value, not an offer and not an appraisal.
- How much income does PEGASUS 1 generate in a year?
- PEGASUS 1 is forecast to net about $503K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PEGASUS 1 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 | 52743 |
| Wellbores | 1 |
| Reported production | 71,672 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.5M |
Where PEGASUS 1 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.