CRAIN UNIT
CRAIN UNIT is a Texas gas lease in Fayette County, Railroad Commission district 03, operated by Union Pacific Resources Company. It has 1 wellbore on file with the Commission. Reported production runs from October 1994 to August 2026, totalling 2,958,687 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 $46K, with roughly $9K 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 392 thousand cubic feet a month. Its strongest month on the record we hold was July 2018, at 3,552 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 CRAIN UNIT
- Who operates CRAIN UNIT?
- CRAIN UNIT is operated by Union Pacific Resources Company, Railroad Commission of Texas operator number 876645.
- Where is CRAIN UNIT?
- CRAIN UNIT is a Texas gas lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 153695.
- Is CRAIN UNIT still producing?
- CRAIN UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CRAIN UNIT is August 2026.
- How much has CRAIN UNIT produced?
- CRAIN UNIT has reported 2,958,687 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 1994 and August 2026, from 1 wellbore.
- How much is CRAIN UNIT worth?
- The remaining production from CRAIN UNIT is estimated to be worth about $46K in total as of 26 August 2026, within a range of $36K to $56K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CRAIN UNIT is a fraction of it. The estimate fits an Arps decline curve to the production CRAIN UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CRAIN UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does CRAIN UNIT generate in a year?
- CRAIN UNIT is forecast to net about $9K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CRAIN UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Pacific Resources Company |
|---|---|
| Field | Giddings (Austin Chalk, Gas) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 153695 |
| Wellbores | 1 |
| Reported production | 2,958,687 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $46K |
Where CRAIN UNIT 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.