CRUNCH
CRUNCH is a Texas oil lease in Upton County, Railroad Commission district 08, operated by Capstone Natural Res II, LLC. It has 1 wellbore on file with the Commission. Reported production runs from May 2017 to August 2026, totalling 12,870 barrels. The lease is intermittent. 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 $306K, with roughly $59K 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 46 barrels a month. Its strongest month on the record we hold was May 2017, at 1,807 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 CRUNCH
- Who operates CRUNCH?
- CRUNCH is operated by Capstone Natural Res II, LLC, Railroad Commission of Texas operator number 130550.
- Where is CRUNCH?
- CRUNCH is a Texas oil lease in Upton County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 49202.
- Is CRUNCH still producing?
- CRUNCH is intermittent. The most recent month of production reported to the Railroad Commission of Texas for CRUNCH is August 2026.
- How much has CRUNCH produced?
- CRUNCH has reported 12,870 barrels of oil (bbl) to the Railroad Commission of Texas between May 2017 and August 2026, from 1 wellbore.
- How much is CRUNCH worth?
- The remaining production from CRUNCH is estimated to be worth about $306K in total as of 26 August 2026, within a range of $168K to $444K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CRUNCH is a fraction of it. The estimate fits an Arps decline curve to the production CRUNCH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CRUNCH is an estimate of value, not an offer and not an appraisal.
- How much income does CRUNCH generate in a year?
- CRUNCH is forecast to net about $59K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CRUNCH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Capstone Natural Res II, LLC |
|---|---|
| Field | Mcelroy |
| County | Upton County, Texas |
| RRC district | 08 |
| Lease number | 49202 |
| Wellbores | 1 |
| Reported production | 12,870 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $306K |
Where CRUNCH 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.