MCRAE
MCRAE is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Byrne, Robert E. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 26,492 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 $74K, with roughly $14K 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 18 barrels a month, about 6 per wellbore. Its strongest month on the record we hold was November 2017, at 97 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 Byrne, Robert E., Railroad Commission of Texas operator number 119805.
- Where is MCRAE?
- MCRAE is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 20723.
- 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 26,492 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is MCRAE worth?
- The remaining production from MCRAE is estimated to be worth about $74K in total as of 26 August 2026, within a range of $41K to $108K. 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 $14K 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 | Byrne, Robert E. |
|---|---|
| Field | Mcelroy |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 20723 |
| Wellbores | 3 |
| Reported production | 26,492 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $74K |
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.