KRENEK
KRENEK is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Crescent Exploration Company. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 41,023 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 $24K, with roughly $5K 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 12 barrels a month, about 4 per wellbore. Its strongest month on the record we hold was April 2018, at 84 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 KRENEK
- Who operates KRENEK?
- KRENEK is operated by Crescent Exploration Company, Railroad Commission of Texas operator number 189449.
- Where is KRENEK?
- KRENEK is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 17132.
- Is KRENEK still producing?
- KRENEK is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KRENEK is August 2026.
- How much has KRENEK produced?
- KRENEK has reported 41,023 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is KRENEK worth?
- The remaining production from KRENEK is estimated to be worth about $24K in total as of 26 August 2026, within a range of $13K to $35K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KRENEK is a fraction of it. The estimate fits an Arps decline curve to the production KRENEK has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KRENEK is an estimate of value, not an offer and not an appraisal.
- How much income does KRENEK generate in a year?
- KRENEK is forecast to net about $5K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in KRENEK receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Crescent Exploration Company |
|---|---|
| Field | Hooker Creek (Navarro A) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 17132 |
| Wellbores | 3 |
| Reported production | 41,023 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $24K |
Where KRENEK 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.