CREE
CREE is a Texas oil lease in La Salle County, Railroad Commission district 01, operated by Stonegate Production Company,LLC. It has 19 wellbores on file with the Commission. Reported production runs from October 2013 to August 2026, totalling 870,090 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 $3.2M, with roughly $841K 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 1,034 barrels a month, about 54 per wellbore. Its strongest month on the record we hold was May 2019, at 12,453 barrels. 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 CREE
- Who operates CREE?
- CREE is operated by Stonegate Production Company,LLC, Railroad Commission of Texas operator number 823808.
- Where is CREE?
- CREE is a Texas oil lease in La Salle County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 17449.
- Is CREE still producing?
- CREE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CREE is August 2026.
- How much has CREE produced?
- CREE has reported 870,090 barrels of oil (bbl) to the Railroad Commission of Texas between October 2013 and August 2026, from 19 wellbores.
- How much is CREE worth?
- The remaining production from CREE is estimated to be worth about $3.2M in total as of 27 August 2026, within a range of $2.7M to $3.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CREE is a fraction of it. The estimate fits an Arps decline curve to the production CREE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CREE is an estimate of value, not an offer and not an appraisal.
- How much income does CREE generate in a year?
- CREE is forecast to net about $841K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CREE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Stonegate Production Company,LLC |
|---|---|
| Field | Eagleville (Eagle Ford-1) |
| County | La Salle County, Texas |
| RRC district | 01 |
| Lease number | 17449 |
| Wellbores | 19 |
| Reported production | 870,090 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.2M |
Where CREE 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.