CRAVENS
CRAVENS is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Patriot Resources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from December 2008 to August 2026, totalling 22,229 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 $169K, with roughly $30K 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 37 barrels a month. Its strongest month on the record we hold was September 2023, at 156 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 CRAVENS
- Who operates CRAVENS?
- CRAVENS is operated by Patriot Resources, Inc., Railroad Commission of Texas operator number 643401.
- Where is CRAVENS?
- CRAVENS is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 39069.
- Is CRAVENS still producing?
- CRAVENS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CRAVENS is August 2026.
- How much has CRAVENS produced?
- CRAVENS has reported 22,229 barrels of oil (bbl) to the Railroad Commission of Texas between December 2008 and August 2026, from 1 wellbore.
- How much is CRAVENS worth?
- The remaining production from CRAVENS is estimated to be worth about $169K in total as of 26 August 2026, within a range of $93K to $246K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CRAVENS is a fraction of it. The estimate fits an Arps decline curve to the production CRAVENS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CRAVENS is an estimate of value, not an offer and not an appraisal.
- How much income does CRAVENS generate in a year?
- CRAVENS is forecast to net about $30K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CRAVENS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Patriot Resources, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 39069 |
| Wellbores | 1 |
| Reported production | 22,229 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $169K |
Where CRAVENS 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.