WARE, LULA
WARE, LULA is a Texas oil lease in Cooke County, Railroad Commission district 09, operated by Kimbell Oil Company Of Texas. It has 8 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 216,882 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 $945K, with roughly $226K 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 317 barrels a month, about 40 per wellbore. Its strongest month on the record we hold was September 2023, at 661 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 WARE, LULA
- Who operates WARE, LULA?
- WARE, LULA is operated by Kimbell Oil Company Of Texas, Railroad Commission of Texas operator number 461810.
- Where is WARE, LULA?
- WARE, LULA is a Texas oil lease in Cooke County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 02579.
- Is WARE, LULA still producing?
- WARE, LULA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WARE, LULA is August 2026.
- How much has WARE, LULA produced?
- WARE, LULA has reported 216,882 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 8 wellbores.
- How much is WARE, LULA worth?
- The remaining production from WARE, LULA is estimated to be worth about $945K in total as of 26 August 2026, within a range of $737K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WARE, LULA is a fraction of it. The estimate fits an Arps decline curve to the production WARE, LULA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WARE, LULA is an estimate of value, not an offer and not an appraisal.
- How much income does WARE, LULA generate in a year?
- WARE, LULA is forecast to net about $226K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WARE, LULA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Kimbell Oil Company Of Texas |
|---|---|
| Field | Woodbine |
| County | Cooke County, Texas |
| RRC district | 09 |
| Lease number | 02579 |
| Wellbores | 8 |
| Reported production | 216,882 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $945K |
Where WARE, LULA 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.