CARR-WARD (ALLOCATION)
CARR-WARD (ALLOCATION) is a Texas oil lease in Leon County, Railroad Commission district 03, operated by Pmo. It has 1 wellbore on file with the Commission. Reported production runs from December 2010 to August 2026, totalling 288,092 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 $604K, with roughly $102K 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 114 barrels a month. Its strongest month on the record we hold was September 2016, at 1,149 barrels. 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 CARR-WARD (ALLOCATION)
- Who operates CARR-WARD (ALLOCATION)?
- CARR-WARD (ALLOCATION) is operated by Pmo, Railroad Commission of Texas operator number 668494.
- Where is CARR-WARD (ALLOCATION)?
- CARR-WARD (ALLOCATION) is a Texas oil lease in Leon County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 25666.
- Is CARR-WARD (ALLOCATION) still producing?
- CARR-WARD (ALLOCATION) is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CARR-WARD (ALLOCATION) is August 2026.
- How much has CARR-WARD (ALLOCATION) produced?
- CARR-WARD (ALLOCATION) has reported 288,092 barrels of oil (bbl) to the Railroad Commission of Texas between December 2010 and August 2026, from 1 wellbore.
- How much is CARR-WARD (ALLOCATION) worth?
- The remaining production from CARR-WARD (ALLOCATION) is estimated to be worth about $604K in total as of 26 August 2026, within a range of $471K to $736K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CARR-WARD (ALLOCATION) is a fraction of it. The estimate fits an Arps decline curve to the production CARR-WARD (ALLOCATION) has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CARR-WARD (ALLOCATION) is an estimate of value, not an offer and not an appraisal.
- How much income does CARR-WARD (ALLOCATION) generate in a year?
- CARR-WARD (ALLOCATION) is forecast to net about $102K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CARR-WARD (ALLOCATION) receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pmo |
|---|---|
| Field | Halliday (Woodbine) |
| County | Leon County, Texas |
| RRC district | 03 |
| Lease number | 25666 |
| Wellbores | 1 |
| Reported production | 288,092 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $604K |
Where CARR-WARD (ALLOCATION) 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.