CRAFT
CRAFT is a Texas oil lease in Jack County, Railroad Commission district 09, operated by G & F Oil, Inc. It has 2 wellbores on file with the Commission. Reported production runs from April 2018 to August 2026, totalling 3,487 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 $125K, with roughly $19K 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 23 barrels a month, about 12 per wellbore. Its strongest month on the record we hold was August 2018, at 193 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 CRAFT
- Who operates CRAFT?
- CRAFT is operated by G & F Oil, Inc., Railroad Commission of Texas operator number 292000.
- Where is CRAFT?
- CRAFT is a Texas oil lease in Jack County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 33752.
- Is CRAFT still producing?
- CRAFT is intermittent. The most recent month of production reported to the Railroad Commission of Texas for CRAFT is August 2026.
- How much has CRAFT produced?
- CRAFT has reported 3,487 barrels of oil (bbl) to the Railroad Commission of Texas between April 2018 and August 2026, from 2 wellbores.
- How much is CRAFT worth?
- The remaining production from CRAFT is estimated to be worth about $125K in total as of 26 August 2026, within a range of $69K to $182K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CRAFT is a fraction of it. The estimate fits an Arps decline curve to the production CRAFT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CRAFT is an estimate of value, not an offer and not an appraisal.
- How much income does CRAFT generate in a year?
- CRAFT is forecast to net about $19K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CRAFT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | G & F Oil, Inc. |
|---|---|
| Field | KRS (Marble Falls) |
| County | Jack County, Texas |
| RRC district | 09 |
| Lease number | 33752 |
| Wellbores | 2 |
| Reported production | 3,487 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $125K |
Where CRAFT 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.