CRAIG HEIRS
CRAIG HEIRS is a Texas oil lease in Young County, Railroad Commission district 09, operated by Double K Production. It has 1 wellbore on file with the Commission. Reported production runs from March 2008 to August 2026, totalling 17,388 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 $200K, with roughly $38K 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 52 barrels a month. Its strongest month on the record we hold was July 2017, at 400 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 CRAIG HEIRS
- Who operates CRAIG HEIRS?
- CRAIG HEIRS is operated by Double K Production, Railroad Commission of Texas operator number 224874.
- Where is CRAIG HEIRS?
- CRAIG HEIRS is a Texas oil lease in Young County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 30930.
- Is CRAIG HEIRS still producing?
- CRAIG HEIRS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CRAIG HEIRS is August 2026.
- How much has CRAIG HEIRS produced?
- CRAIG HEIRS has reported 17,388 barrels of oil (bbl) to the Railroad Commission of Texas between March 2008 and August 2026, from 1 wellbore.
- How much is CRAIG HEIRS worth?
- The remaining production from CRAIG HEIRS is estimated to be worth about $200K in total as of 26 August 2026, within a range of $110K to $290K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CRAIG HEIRS is a fraction of it. The estimate fits an Arps decline curve to the production CRAIG HEIRS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CRAIG HEIRS is an estimate of value, not an offer and not an appraisal.
- How much income does CRAIG HEIRS generate in a year?
- CRAIG HEIRS is forecast to net about $38K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CRAIG HEIRS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Double K Production |
|---|---|
| Field | I.M.U. (Caddo Cons.) |
| County | Young County, Texas |
| RRC district | 09 |
| Lease number | 30930 |
| Wellbores | 1 |
| Reported production | 17,388 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $200K |
Where CRAIG HEIRS 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.