CARROLL
CARROLL is a Texas gas lease in Eastland County, Railroad Commission district 7B, operated by Mustang Oil & Gas Corporation. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 73,253 thousand cubic feet. 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 $61K, with roughly $11K 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 31 thousand cubic feet a month. Its strongest month on the record we hold was September 2016, at 107 thousand cubic feet. 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 CARROLL
- Who operates CARROLL?
- CARROLL is operated by Mustang Oil & Gas Corporation, Railroad Commission of Texas operator number 596926.
- Where is CARROLL?
- CARROLL is a Texas gas lease in Eastland County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 125397.
- Is CARROLL still producing?
- CARROLL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CARROLL is August 2026.
- How much has CARROLL produced?
- CARROLL has reported 73,253 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is CARROLL worth?
- The remaining production from CARROLL is estimated to be worth about $61K in total as of 27 August 2026, within a range of $33K to $88K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CARROLL is a fraction of it. The estimate fits an Arps decline curve to the production CARROLL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CARROLL is an estimate of value, not an offer and not an appraisal.
- How much income does CARROLL generate in a year?
- CARROLL is forecast to net about $11K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CARROLL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mustang Oil & Gas Corporation |
|---|---|
| Field | Reb (Marble Falls) |
| County | Eastland County, Texas |
| RRC district | 7B |
| Lease number | 125397 |
| Wellbores | 1 |
| Reported production | 73,253 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $61K |
Where CARROLL 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.