CRANE
CRANE is a Texas gas lease in Hemphill County, Railroad Commission district 10, operated by ST. Johns Operating #1 L.P. It has 1 wellbore on file with the Commission. Reported production runs from October 2002 to August 2026, totalling 1,100,901 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 $426K, with roughly $67K 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 2,759 thousand cubic feet a month. Its strongest month on the record we hold was January 2019, at 4,558 thousand cubic feet. 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 CRANE
- Who operates CRANE?
- CRANE is operated by ST. Johns Operating #1 L.P., Railroad Commission of Texas operator number 810872.
- Where is CRANE?
- CRANE is a Texas gas lease in Hemphill County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 191370.
- Is CRANE still producing?
- CRANE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CRANE is August 2026.
- How much has CRANE produced?
- CRANE has reported 1,100,901 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2002 and August 2026, from 1 wellbore.
- How much is CRANE worth?
- The remaining production from CRANE is estimated to be worth about $426K in total as of 26 August 2026, within a range of $354K to $499K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CRANE is a fraction of it. The estimate fits an Arps decline curve to the production CRANE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CRANE is an estimate of value, not an offer and not an appraisal.
- How much income does CRANE generate in a year?
- CRANE is forecast to net about $67K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CRANE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | ST. Johns Operating #1 L.P. |
|---|---|
| Field | Higgins, South (Morrow) |
| County | Hemphill County, Texas |
| RRC district | 10 |
| Lease number | 191370 |
| Wellbores | 1 |
| Reported production | 1,100,901 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $426K |
Where CRANE 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.