CROWE
CROWE is a Texas oil lease in Grayson County, Railroad Commission district 09, operated by Payson Operating, LLC. It has 2 wellbores on file with the Commission. Reported production runs from April 2014 to August 2026, totalling 48,411 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 $645K, with roughly $119K 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 152 barrels a month, about 76 per wellbore. Its strongest month on the record we hold was June 2016, at 711 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 CROWE
- Who operates CROWE?
- CROWE is operated by Payson Operating, LLC, Railroad Commission of Texas operator number 646930.
- Where is CROWE?
- CROWE is a Texas oil lease in Grayson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 32946.
- Is CROWE still producing?
- CROWE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CROWE is August 2026.
- How much has CROWE produced?
- CROWE has reported 48,411 barrels of oil (bbl) to the Railroad Commission of Texas between April 2014 and August 2026, from 2 wellbores.
- How much is CROWE worth?
- The remaining production from CROWE is estimated to be worth about $645K in total as of 26 August 2026, within a range of $503K to $787K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CROWE is a fraction of it. The estimate fits an Arps decline curve to the production CROWE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CROWE is an estimate of value, not an offer and not an appraisal.
- How much income does CROWE generate in a year?
- CROWE is forecast to net about $119K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CROWE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Payson Operating, LLC |
|---|---|
| Field | Southmayd, North (Baker-Viola) |
| County | Grayson County, Texas |
| RRC district | 09 |
| Lease number | 32946 |
| Wellbores | 2 |
| Reported production | 48,411 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $645K |
Where CROWE 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.