CARNES "B"
CARNES "B" is a Texas oil lease in Frio County, Railroad Commission district 01, operated by Goodrich Petroleum Company. It has 4 wellbores on file with the Commission. Reported production runs from July 2011 to August 2026, totalling 302,413 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 $710K, with roughly $115K 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 102 barrels a month, about 25 per wellbore. Its strongest month on the record we hold was April 2018, at 869 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 CARNES "B"
- Who operates CARNES "B"?
- CARNES "B" is operated by Goodrich Petroleum Company, Railroad Commission of Texas operator number 314909.
- Where is CARNES "B"?
- CARNES "B" is a Texas oil lease in Frio County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 15908.
- Is CARNES "B" still producing?
- CARNES "B" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CARNES "B" is August 2026.
- How much has CARNES "B" produced?
- CARNES "B" has reported 302,413 barrels of oil (bbl) to the Railroad Commission of Texas between July 2011 and August 2026, from 4 wellbores.
- How much is CARNES "B" worth?
- The remaining production from CARNES "B" is estimated to be worth about $710K in total as of 26 August 2026, within a range of $554K to $866K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CARNES "B" is a fraction of it. The estimate fits an Arps decline curve to the production CARNES "B" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CARNES "B" is an estimate of value, not an offer and not an appraisal.
- How much income does CARNES "B" generate in a year?
- CARNES "B" is forecast to net about $115K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CARNES "B" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Goodrich Petroleum Company |
|---|---|
| Field | Pearsall (Buda Lime) |
| County | Frio County, Texas |
| RRC district | 01 |
| Lease number | 15908 |
| Wellbores | 4 |
| Reported production | 302,413 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $710K |
Where CARNES "B" 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.