MCRAE
MCRAE is a Texas gas lease in Denton County, Railroad Commission district 09, operated by Enre, L.P. It has 1 wellbore on file with the Commission. Reported production runs from January 2002 to August 2026, totalling 434,452 thousand cubic feet. 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 $27K, with roughly $5K 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 309 thousand cubic feet a month. Its strongest month on the record we hold was July 2018, at 868 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 MCRAE
- Who operates MCRAE?
- MCRAE is operated by Enre, L.P., Railroad Commission of Texas operator number 253070.
- Where is MCRAE?
- MCRAE is a Texas gas lease in Denton County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 190958.
- 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 434,452 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2002 and August 2026, from 1 wellbore.
- How much is MCRAE worth?
- The remaining production from MCRAE is estimated to be worth about $27K in total as of 26 August 2026, within a range of $21K to $33K. 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 $5K 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 | Enre, L.P. |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Denton County, Texas |
| RRC district | 09 |
| Lease number | 190958 |
| Wellbores | 1 |
| Reported production | 434,452 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $27K |
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.