MCCRAE EF UNIT
MCCRAE EF UNIT is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Sage Natural Resources LLC. It has 2 wellbores on file with the Commission. Reported production runs from August 2025 to August 2026, totalling 398,337 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 $44.9M, with roughly $17.6M 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 40,935 barrels a month, about 20,468 per wellbore. Its strongest month on the record we hold was August 2025, at 56,154 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 MCCRAE EF UNIT
- Who operates MCCRAE EF UNIT?
- MCCRAE EF UNIT is operated by Sage Natural Resources LLC, Railroad Commission of Texas operator number 743223.
- Where is MCCRAE EF UNIT?
- MCCRAE EF UNIT is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 28245.
- Is MCCRAE EF UNIT still producing?
- MCCRAE EF UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MCCRAE EF UNIT is August 2026.
- How much has MCCRAE EF UNIT produced?
- MCCRAE EF UNIT has reported 398,337 barrels of oil (bbl) to the Railroad Commission of Texas between August 2025 and August 2026, from 2 wellbores.
- How much is MCCRAE EF UNIT worth?
- The remaining production from MCCRAE EF UNIT is estimated to be worth about $44.9M in total as of 26 August 2026, within a range of $36.8M to $53.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCCRAE EF UNIT is a fraction of it. The estimate fits an Arps decline curve to the production MCCRAE EF UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MCCRAE EF UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does MCCRAE EF UNIT generate in a year?
- MCCRAE EF UNIT is forecast to net about $17.6M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MCCRAE EF UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sage Natural Resources LLC |
|---|---|
| Field | Giddings (Eagleford) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 28245 |
| Wellbores | 2 |
| Reported production | 398,337 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $44.9M |
Where MCCRAE EF UNIT 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.