MCRAE
MCRAE is a Texas gas lease in Denton County, Railroad Commission district 09, operated by J-W Operating Co. It has 1 wellbore on file with the Commission. Reported production runs from July 2008 to August 2026, totalling 2,160,170 thousand cubic feet. 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 $65K, with roughly $34K 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 2,711 thousand cubic feet a month. Its strongest month on the record we hold was August 2017, at 12,740 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 MCRAE
- Who operates MCRAE?
- MCRAE is operated by J-W Operating Co., Railroad Commission of Texas operator number 427960.
- Where is MCRAE?
- MCRAE is a Texas gas lease in Denton County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 243134.
- Is MCRAE still producing?
- MCRAE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MCRAE is August 2026.
- How much has MCRAE produced?
- MCRAE has reported 2,160,170 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2008 and August 2026, from 1 wellbore.
- How much is MCRAE worth?
- The remaining production from MCRAE is estimated to be worth about $65K in total as of 26 August 2026, within a range of $54K to $76K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCRAE is a fraction of it. The estimate fits an Arps decline curve to the production MCRAE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MCRAE is an estimate of value, not an offer and not an appraisal.
- How much income does MCRAE generate in a year?
- MCRAE is forecast to net about $34K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MCRAE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | J-W Operating Co. |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Denton County, Texas |
| RRC district | 09 |
| Lease number | 243134 |
| Wellbores | 1 |
| Reported production | 2,160,170 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $65K |
Where MCRAE 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.