WARE
WARE is a Texas oil lease in Carson County, Railroad Commission district 10, operated by Travelers Oil Company. It has 18 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 48,092 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 $72K, with roughly $14K 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 19 barrels a month, about 1 per wellbore. Its strongest month on the record we hold was May 2016, at 184 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 WARE
- Who operates WARE?
- WARE is operated by Travelers Oil Company, Railroad Commission of Texas operator number 865980.
- Where is WARE?
- WARE is a Texas oil lease in Carson County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 00111.
- Is WARE still producing?
- WARE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WARE is August 2026.
- How much has WARE produced?
- WARE has reported 48,092 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 18 wellbores.
- How much is WARE worth?
- The remaining production from WARE is estimated to be worth about $72K in total as of 26 August 2026, within a range of $40K to $105K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WARE is a fraction of it. The estimate fits an Arps decline curve to the production WARE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WARE is an estimate of value, not an offer and not an appraisal.
- How much income does WARE generate in a year?
- WARE is forecast to net about $14K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WARE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Travelers Oil Company |
|---|---|
| Field | Panhandle Carson County Field |
| County | Carson County, Texas |
| RRC district | 10 |
| Lease number | 00111 |
| Wellbores | 18 |
| Reported production | 48,092 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $72K |
Where WARE 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.