CARY
CARY is a Texas oil lease in Scurry County, Railroad Commission district 8A, operated by Abraxas Production Corporation. It has 11 wellbores on file with the Commission. Reported production runs from April 1993 to August 2026, totalling 32,050 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 $35K, with roughly $7K 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 10 barrels a month, about 1 per wellbore. Its strongest month on the record we hold was December 2016, at 56 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 CARY
- Who operates CARY?
- CARY is operated by Abraxas Production Corporation, Railroad Commission of Texas operator number 003140.
- Where is CARY?
- CARY is a Texas oil lease in Scurry County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 66987.
- Is CARY still producing?
- CARY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CARY is August 2026.
- How much has CARY produced?
- CARY has reported 32,050 barrels of oil (bbl) to the Railroad Commission of Texas between April 1993 and August 2026, from 11 wellbores.
- How much is CARY worth?
- The remaining production from CARY is estimated to be worth about $35K in total as of 27 August 2026, within a range of $0 to $71K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CARY is a fraction of it. The estimate fits an Arps decline curve to the production CARY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CARY is an estimate of value, not an offer and not an appraisal.
- How much income does CARY generate in a year?
- CARY is forecast to net about $7K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CARY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Abraxas Production Corporation |
|---|---|
| Field | Sharon Ridge (Clear Fork) |
| County | Scurry County, Texas |
| RRC district | 8A |
| Lease number | 66987 |
| Wellbores | 11 |
| Reported production | 32,050 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $35K |
Where CARY 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.