CRANE, A. B.
CRANE, A. B. is a Texas oil lease in Willacy County, Railroad Commission district 04, operated by Citation Oil & Gas Corp. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 90,048 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 $370K, with roughly $71K 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 87 barrels a month. Its strongest month on the record we hold was June 2020, at 175 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 CRANE, A. B.
- Who operates CRANE, A. B.?
- CRANE, A. B. is operated by Citation Oil & Gas Corp., Railroad Commission of Texas operator number 154235.
- Where is CRANE, A. B.?
- CRANE, A. B. is a Texas oil lease in Willacy County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 03370.
- Is CRANE, A. B. still producing?
- CRANE, A. B. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CRANE, A. B. is August 2026.
- How much has CRANE, A. B. produced?
- CRANE, A. B. has reported 90,048 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is CRANE, A. B. worth?
- The remaining production from CRANE, A. B. is estimated to be worth about $370K in total as of 26 August 2026, within a range of $203K to $536K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CRANE, A. B. is a fraction of it. The estimate fits an Arps decline curve to the production CRANE, A. B. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CRANE, A. B. is an estimate of value, not an offer and not an appraisal.
- How much income does CRANE, A. B. generate in a year?
- CRANE, A. B. is forecast to net about $71K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CRANE, A. B. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Citation Oil & Gas Corp. |
|---|---|
| Field | Willamar |
| County | Willacy County, Texas |
| RRC district | 04 |
| Lease number | 03370 |
| Wellbores | 1 |
| Reported production | 90,048 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $370K |
Where CRANE, A. B. 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.