KRANG CG 24 LS
KRANG CG 24 LS is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Fourpoint Energy, LLC. It has 1 wellbore on file with the Commission. Reported production runs from January 2026 to August 2026, totalling 128,664 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 $79.3M, with roughly $17.7M 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 26,190 barrels a month. Its strongest month on the record we hold was March 2026, at 33,306 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 KRANG CG 24 LS
- Who operates KRANG CG 24 LS?
- KRANG CG 24 LS is operated by Fourpoint Energy, LLC, Railroad Commission of Texas operator number 280969.
- Where is KRANG CG 24 LS?
- KRANG CG 24 LS is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 23450.
- Is KRANG CG 24 LS still producing?
- KRANG CG 24 LS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KRANG CG 24 LS is August 2026.
- How much has KRANG CG 24 LS produced?
- KRANG CG 24 LS has reported 128,664 barrels of oil (bbl) to the Railroad Commission of Texas between January 2026 and August 2026, from 1 wellbore.
- How much is KRANG CG 24 LS worth?
- The remaining production from KRANG CG 24 LS is estimated to be worth about $79.3M in total as of 27 August 2026, within a range of $65.0M to $93.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KRANG CG 24 LS is a fraction of it. The estimate fits an Arps decline curve to the production KRANG CG 24 LS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KRANG CG 24 LS is an estimate of value, not an offer and not an appraisal.
- How much income does KRANG CG 24 LS generate in a year?
- KRANG CG 24 LS is forecast to net about $17.7M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in KRANG CG 24 LS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Fourpoint Energy, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 23450 |
| Wellbores | 1 |
| Reported production | 128,664 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $79.3M |
Where KRANG CG 24 LS 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.