CRAIG E
CRAIG E is a Texas gas lease in Sherman County, Railroad Commission district 10, operated by Phillips Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from June 2001 to August 2026, totalling 128,243 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 $52K, with roughly $9K 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 369 thousand cubic feet a month. Its strongest month on the record we hold was March 2023, at 546 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 CRAIG E
- Who operates CRAIG E?
- CRAIG E is operated by Phillips Petroleum Company, Railroad Commission of Texas operator number 663680.
- Where is CRAIG E?
- CRAIG E is a Texas gas lease in Sherman County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 184267.
- Is CRAIG E still producing?
- CRAIG E is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CRAIG E is August 2026.
- How much has CRAIG E produced?
- CRAIG E has reported 128,243 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2001 and August 2026, from 1 wellbore.
- How much is CRAIG E worth?
- The remaining production from CRAIG E is estimated to be worth about $52K in total as of 26 August 2026, within a range of $40K to $63K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CRAIG E is a fraction of it. The estimate fits an Arps decline curve to the production CRAIG E has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CRAIG E is an estimate of value, not an offer and not an appraisal.
- How much income does CRAIG E generate in a year?
- CRAIG E is forecast to net about $9K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CRAIG E receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Phillips Petroleum Company |
|---|---|
| Field | Texas Hugoton |
| County | Sherman County, Texas |
| RRC district | 10 |
| Lease number | 184267 |
| Wellbores | 1 |
| Reported production | 128,243 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $52K |
Where CRAIG E 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.