CRAVENS, J. R.
CRAVENS, J. R. is a Texas oil lease in Jackson County, Railroad Commission district 02, operated by Angel Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from January 2023 to August 2026, totalling 15,444 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 $698K, with roughly $134K 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 205 barrels a month. Its strongest month on the record we hold was February 2023, at 2,133 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 CRAVENS, J. R.
- Who operates CRAVENS, J. R.?
- CRAVENS, J. R. is operated by Angel Operating LLC, Railroad Commission of Texas operator number 101344.
- Where is CRAVENS, J. R.?
- CRAVENS, J. R. is a Texas oil lease in Jackson County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 12516.
- Is CRAVENS, J. R. still producing?
- CRAVENS, J. R. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CRAVENS, J. R. is August 2026.
- How much has CRAVENS, J. R. produced?
- CRAVENS, J. R. has reported 15,444 barrels of oil (bbl) to the Railroad Commission of Texas between January 2023 and August 2026, from 1 wellbore.
- How much is CRAVENS, J. R. worth?
- The remaining production from CRAVENS, J. R. is estimated to be worth about $698K in total as of 26 August 2026, within a range of $544K to $851K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CRAVENS, J. R. is a fraction of it. The estimate fits an Arps decline curve to the production CRAVENS, J. R. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CRAVENS, J. R. is an estimate of value, not an offer and not an appraisal.
- How much income does CRAVENS, J. R. generate in a year?
- CRAVENS, J. R. is forecast to net about $134K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CRAVENS, J. R. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Angel Operating LLC |
|---|---|
| Field | Ganado, West (5400 Zone) |
| County | Jackson County, Texas |
| RRC district | 02 |
| Lease number | 12516 |
| Wellbores | 1 |
| Reported production | 15,444 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $698K |
Where CRAVENS, J. R. 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.