ARMSTRONG
ARMSTRONG is a Texas oil lease in Jack County, Railroad Commission district 09, operated by Carter Energy Corporation. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 56,250 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 $214K, with roughly $41K 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 64 barrels a month. Its strongest month on the record we hold was February 2020, at 141 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 ARMSTRONG
- Who operates ARMSTRONG?
- ARMSTRONG is operated by Carter Energy Corporation, Railroad Commission of Texas operator number 136745.
- Where is ARMSTRONG?
- ARMSTRONG is a Texas oil lease in Jack County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 23970.
- Is ARMSTRONG still producing?
- ARMSTRONG is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ARMSTRONG is August 2026.
- How much has ARMSTRONG produced?
- ARMSTRONG has reported 56,250 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is ARMSTRONG worth?
- The remaining production from ARMSTRONG is estimated to be worth about $214K in total as of 26 August 2026, within a range of $117K to $310K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ARMSTRONG is a fraction of it. The estimate fits an Arps decline curve to the production ARMSTRONG has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ARMSTRONG is an estimate of value, not an offer and not an appraisal.
- How much income does ARMSTRONG generate in a year?
- ARMSTRONG is forecast to net about $41K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ARMSTRONG receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Carter Energy Corporation |
|---|---|
| Field | Dearing (Caddo) |
| County | Jack County, Texas |
| RRC district | 09 |
| Lease number | 23970 |
| Wellbores | 1 |
| Reported production | 56,250 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $214K |
Where ARMSTRONG 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.