CRANK
CRANK is a Texas oil lease in Gray County, Railroad Commission district 10, operated by Melandsara Limited Partnership. It has 15 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 10,233 barrels. 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 $17K, with roughly $3K 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 2 barrels a month. Its strongest month on the record we hold was August 2019, at 64 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 CRANK
- Who operates CRANK?
- CRANK is operated by Melandsara Limited Partnership, Railroad Commission of Texas operator number 559405.
- Where is CRANK?
- CRANK is a Texas oil lease in Gray County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 00194.
- Is CRANK still producing?
- CRANK is intermittent. The most recent month of production reported to the Railroad Commission of Texas for CRANK is August 2026.
- How much has CRANK produced?
- CRANK has reported 10,233 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 15 wellbores.
- How much is CRANK worth?
- The remaining production from CRANK is estimated to be worth about $17K in total as of 26 August 2026, within a range of $0 to $34K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CRANK is a fraction of it. The estimate fits an Arps decline curve to the production CRANK has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CRANK is an estimate of value, not an offer and not an appraisal.
- How much income does CRANK generate in a year?
- CRANK is forecast to net about $3K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CRANK receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Melandsara Limited Partnership |
|---|---|
| Field | Panhandle Gray County Field |
| County | Gray County, Texas |
| RRC district | 10 |
| Lease number | 00194 |
| Wellbores | 15 |
| Reported production | 10,233 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $17K |
Where CRANK 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.