TWO BAR RANCH
TWO BAR RANCH is a Texas oil lease in Carson County, Railroad Commission district 10, operated by Watson Operating Company. It has 14 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 121,051 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 $1.0M, with roughly $188K 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 195 barrels a month, about 14 per wellbore. Its strongest month on the record we hold was June 2019, at 506 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 TWO BAR RANCH
- Who operates TWO BAR RANCH?
- TWO BAR RANCH is operated by Watson Operating Company, Railroad Commission of Texas operator number 901200.
- Where is TWO BAR RANCH?
- TWO BAR RANCH is a Texas oil lease in Carson County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 05158.
- Is TWO BAR RANCH still producing?
- TWO BAR RANCH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TWO BAR RANCH is August 2026.
- How much has TWO BAR RANCH produced?
- TWO BAR RANCH has reported 121,051 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 14 wellbores.
- How much is TWO BAR RANCH worth?
- The remaining production from TWO BAR RANCH is estimated to be worth about $1.0M in total as of 27 August 2026, within a range of $793K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TWO BAR RANCH is a fraction of it. The estimate fits an Arps decline curve to the production TWO BAR RANCH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TWO BAR RANCH is an estimate of value, not an offer and not an appraisal.
- How much income does TWO BAR RANCH generate in a year?
- TWO BAR RANCH is forecast to net about $188K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in TWO BAR RANCH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Watson Operating Company |
|---|---|
| Field | Panhandle Carson County Field |
| County | Carson County, Texas |
| RRC district | 10 |
| Lease number | 05158 |
| Wellbores | 14 |
| Reported production | 121,051 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.0M |
Where TWO BAR RANCH 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.