CRAVEY
CRAVEY is a Texas oil lease in Kent County, Railroad Commission district 8A, operated by Sharp Image Energy, Inc. It has 1 wellbore on file with the Commission. Reported production runs from July 2008 to August 2026, totalling 56,548 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 $322K, with roughly $62K 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 60 barrels a month. Its strongest month on the record we hold was August 2016, at 511 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 CRAVEY
- Who operates CRAVEY?
- CRAVEY is operated by Sharp Image Energy, Inc., Railroad Commission of Texas operator number 770731.
- Where is CRAVEY?
- CRAVEY is a Texas oil lease in Kent County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 69273.
- Is CRAVEY still producing?
- CRAVEY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CRAVEY is August 2026.
- How much has CRAVEY produced?
- CRAVEY has reported 56,548 barrels of oil (bbl) to the Railroad Commission of Texas between July 2008 and August 2026, from 1 wellbore.
- How much is CRAVEY worth?
- The remaining production from CRAVEY is estimated to be worth about $322K in total as of 27 August 2026, within a range of $177K to $467K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CRAVEY is a fraction of it. The estimate fits an Arps decline curve to the production CRAVEY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CRAVEY is an estimate of value, not an offer and not an appraisal.
- How much income does CRAVEY generate in a year?
- CRAVEY is forecast to net about $62K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CRAVEY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sharp Image Energy, Inc. |
|---|---|
| Field | Sie Morrison (Upper Canyon) |
| County | Kent County, Texas |
| RRC district | 8A |
| Lease number | 69273 |
| Wellbores | 1 |
| Reported production | 56,548 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $322K |
Where CRAVEY 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.