WARE, R. C.
WARE, R. C. is a Texas oil lease in Carson County, Railroad Commission district 10, operated by Chance Energy Co. Inc. It has 20 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 54,990 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 $258K, with roughly $50K 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 57 barrels a month, about 3 per wellbore. Its strongest month on the record we hold was August 2019, at 346 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, R. C.
- Who operates WARE, R. C.?
- WARE, R. C. is operated by Chance Energy Co. Inc., Railroad Commission of Texas operator number 144183.
- Where is WARE, R. C.?
- WARE, R. C. is a Texas oil lease in Carson County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 00078.
- Is WARE, R. C. still producing?
- WARE, R. C. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WARE, R. C. is August 2026.
- How much has WARE, R. C. produced?
- WARE, R. C. has reported 54,990 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 20 wellbores.
- How much is WARE, R. C. worth?
- The remaining production from WARE, R. C. is estimated to be worth about $258K in total as of 26 August 2026, within a range of $142K to $374K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WARE, R. C. is a fraction of it. The estimate fits an Arps decline curve to the production WARE, R. C. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WARE, R. C. is an estimate of value, not an offer and not an appraisal.
- How much income does WARE, R. C. generate in a year?
- WARE, R. C. is forecast to net about $50K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WARE, R. C. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chance Energy Co. Inc. |
|---|---|
| Field | Panhandle Carson County Field |
| County | Carson County, Texas |
| RRC district | 10 |
| Lease number | 00078 |
| Wellbores | 20 |
| Reported production | 54,990 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $258K |
Where WARE, R. C. 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.