CROSBY
CROSBY is a Texas oil lease in Gregg County, Railroad Commission district 6E, operated by Jet Production Company. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 98,393 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 $774K, with roughly $175K 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 266 barrels a month, about 133 per wellbore. Its strongest month on the record we hold was May 2024, at 353 barrels. 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 CROSBY
- Who operates CROSBY?
- CROSBY is operated by Jet Production Company, Railroad Commission of Texas operator number 432117.
- Where is CROSBY?
- CROSBY is a Texas oil lease in Gregg County, Texas, in Railroad Commission district 6E. Its Railroad Commission lease number is 07201.
- Is CROSBY still producing?
- CROSBY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CROSBY is August 2026.
- How much has CROSBY produced?
- CROSBY has reported 98,393 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is CROSBY worth?
- The remaining production from CROSBY is estimated to be worth about $774K in total as of 26 August 2026, within a range of $604K to $944K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CROSBY is a fraction of it. The estimate fits an Arps decline curve to the production CROSBY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CROSBY is an estimate of value, not an offer and not an appraisal.
- How much income does CROSBY generate in a year?
- CROSBY is forecast to net about $175K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CROSBY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Jet Production Company |
|---|---|
| Field | East Texas |
| County | Gregg County, Texas |
| RRC district | 6E |
| Lease number | 07201 |
| Wellbores | 2 |
| Reported production | 98,393 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $774K |
Where CROSBY 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.