CARNES-REGENTS UNIT
CARNES-REGENTS UNIT is a Texas oil lease in Frio County, Railroad Commission district 01, operated by Venado Operating Company LLC. It has 1 wellbore on file with the Commission. Reported production runs from May 2019 to August 2026, totalling 182,092 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 $2.7M, with roughly $681K 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 1,255 barrels a month. Its strongest month on the record we hold was June 2019, at 13,697 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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-REGENTS UNIT
- Who operates CARNES-REGENTS UNIT?
- CARNES-REGENTS UNIT is operated by Venado Operating Company LLC, Railroad Commission of Texas operator number 884496.
- Where is CARNES-REGENTS UNIT?
- CARNES-REGENTS UNIT is a Texas oil lease in Frio County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 19914.
- Is CARNES-REGENTS UNIT still producing?
- CARNES-REGENTS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CARNES-REGENTS UNIT is August 2026.
- How much has CARNES-REGENTS UNIT produced?
- CARNES-REGENTS UNIT has reported 182,092 barrels of oil (bbl) to the Railroad Commission of Texas between May 2019 and August 2026, from 1 wellbore.
- How much is CARNES-REGENTS UNIT worth?
- The remaining production from CARNES-REGENTS UNIT is estimated to be worth about $2.7M in total as of 27 August 2026, within a range of $2.3M to $3.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CARNES-REGENTS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production CARNES-REGENTS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CARNES-REGENTS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does CARNES-REGENTS UNIT generate in a year?
- CARNES-REGENTS UNIT is forecast to net about $681K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CARNES-REGENTS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Venado Operating Company LLC |
|---|---|
| Field | Briscoe Ranch (Eagleford) |
| County | Frio County, Texas |
| RRC district | 01 |
| Lease number | 19914 |
| Wellbores | 1 |
| Reported production | 182,092 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.7M |
Where CARNES-REGENTS UNIT 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.