RAFE
RAFE is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Devon Energy Production Co, L.P. It has 5 wellbores on file with the Commission. Reported production runs from June 2013 to August 2026, totalling 779,796 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 $2.4M, with roughly $736K 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 1,011 barrels a month, about 202 per wellbore. Its strongest month on the record we hold was July 2017, at 7,950 barrels. 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 RAFE
- Who operates RAFE?
- RAFE is operated by Devon Energy Production Co, L.P., Railroad Commission of Texas operator number 216378.
- Where is RAFE?
- RAFE is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 44899.
- Is RAFE still producing?
- RAFE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RAFE is August 2026.
- How much has RAFE produced?
- RAFE has reported 779,796 barrels of oil (bbl) to the Railroad Commission of Texas between June 2013 and August 2026, from 5 wellbores.
- How much is RAFE worth?
- The remaining production from RAFE is estimated to be worth about $2.4M in total as of 26 August 2026, within a range of $2.0M to $2.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RAFE is a fraction of it. The estimate fits an Arps decline curve to the production RAFE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RAFE is an estimate of value, not an offer and not an appraisal.
- How much income does RAFE generate in a year?
- RAFE is forecast to net about $736K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RAFE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Devon Energy Production Co, L.P. |
|---|---|
| Field | Sallie Ann (Spraberry-Wolfcamp) |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 44899 |
| Wellbores | 5 |
| Reported production | 779,796 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.4M |
Where RAFE 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.