CROWLEY-STATE
CROWLEY-STATE is a Texas gas lease in Pecos County, Railroad Commission district 08, operated by Way, Ralph L., Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,254,024 thousand cubic feet. 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 $40K, with roughly $15K 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 935 thousand cubic feet a month. Its strongest month on the record we hold was November 2021, at 5,116 thousand cubic feet. 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 CROWLEY-STATE
- Who operates CROWLEY-STATE?
- CROWLEY-STATE is operated by Way, Ralph L., Inc., Railroad Commission of Texas operator number 902593.
- Where is CROWLEY-STATE?
- CROWLEY-STATE is a Texas gas lease in Pecos County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 108587.
- Is CROWLEY-STATE still producing?
- CROWLEY-STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CROWLEY-STATE is August 2026.
- How much has CROWLEY-STATE produced?
- CROWLEY-STATE has reported 1,254,024 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is CROWLEY-STATE worth?
- The remaining production from CROWLEY-STATE is estimated to be worth about $40K in total as of 26 August 2026, within a range of $31K to $49K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CROWLEY-STATE is a fraction of it. The estimate fits an Arps decline curve to the production CROWLEY-STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CROWLEY-STATE is an estimate of value, not an offer and not an appraisal.
- How much income does CROWLEY-STATE generate in a year?
- CROWLEY-STATE is forecast to net about $15K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CROWLEY-STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Way, Ralph L., Inc. |
|---|---|
| Field | Heiner, S. (Wichita-Albany) |
| County | Pecos County, Texas |
| RRC district | 08 |
| Lease number | 108587 |
| Wellbores | 1 |
| Reported production | 1,254,024 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $40K |
Where CROWLEY-STATE 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.