CRAFT
CRAFT is a Texas gas lease in Bee County, Railroad Commission district 02, operated by Welder Exploration & Prod., Inc. It has 1 wellbore on file with the Commission. Reported production runs from August 2015 to August 2026, totalling 48,922 thousand cubic feet. 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 $93K, with roughly $16K 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 400 thousand cubic feet a month. Its strongest month on the record we hold was June 2025, at 3,559 thousand cubic feet. 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 CRAFT
- Who operates CRAFT?
- CRAFT is operated by Welder Exploration & Prod., Inc., Railroad Commission of Texas operator number 907297.
- Where is CRAFT?
- CRAFT is a Texas gas lease in Bee County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 280521.
- Is CRAFT still producing?
- CRAFT is intermittent. The most recent month of production reported to the Railroad Commission of Texas for CRAFT is August 2026.
- How much has CRAFT produced?
- CRAFT has reported 48,922 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2015 and August 2026, from 1 wellbore.
- How much is CRAFT worth?
- The remaining production from CRAFT is estimated to be worth about $93K in total as of 26 August 2026, within a range of $72K to $113K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CRAFT is a fraction of it. The estimate fits an Arps decline curve to the production CRAFT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CRAFT is an estimate of value, not an offer and not an appraisal.
- How much income does CRAFT generate in a year?
- CRAFT is forecast to net about $16K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CRAFT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Welder Exploration & Prod., Inc. |
|---|---|
| Field | Yougeen (Hockley 4500) |
| County | Bee County, Texas |
| RRC district | 02 |
| Lease number | 280521 |
| Wellbores | 1 |
| Reported production | 48,922 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $93K |
Where CRAFT 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.