CARR
CARR is a Texas oil lease in Cooke County, Railroad Commission district 09, operated by Gibbs, Loyd Leasing. It has 10 wellbores on file with the Commission. Reported production runs from August 2004 to August 2026, totalling 174,086 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 $639K, with roughly $208K 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 327 barrels a month, about 33 per wellbore. Its strongest month on the record we hold was May 2016, at 1,447 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 CARR
- Who operates CARR?
- CARR is operated by Gibbs, Loyd Leasing, Railroad Commission of Texas operator number 302633.
- Where is CARR?
- CARR is a Texas oil lease in Cooke County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 30362.
- Is CARR still producing?
- CARR is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CARR is August 2026.
- How much has CARR produced?
- CARR has reported 174,086 barrels of oil (bbl) to the Railroad Commission of Texas between August 2004 and August 2026, from 10 wellbores.
- How much is CARR worth?
- The remaining production from CARR is estimated to be worth about $639K in total as of 26 August 2026, within a range of $499K to $780K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CARR is a fraction of it. The estimate fits an Arps decline curve to the production CARR has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CARR is an estimate of value, not an offer and not an appraisal.
- How much income does CARR generate in a year?
- CARR is forecast to net about $208K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CARR receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gibbs, Loyd Leasing |
|---|---|
| Field | Cooke County Regular |
| County | Cooke County, Texas |
| RRC district | 09 |
| Lease number | 30362 |
| Wellbores | 10 |
| Reported production | 174,086 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $639K |
Where CARR 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.