CAR
CAR is a Texas gas lease in Gray County, Railroad Commission district 10, operated by Phillips Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,158,872 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 $146K, with roughly $24K 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 1,036 thousand cubic feet a month. Its strongest month on the record we hold was January 2017, at 1,724 thousand cubic feet. 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 CAR
- Who operates CAR?
- CAR is operated by Phillips Petroleum Company, Railroad Commission of Texas operator number 663680.
- Where is CAR?
- CAR is a Texas gas lease in Gray County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 024771.
- Is CAR still producing?
- CAR is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CAR is August 2026.
- How much has CAR produced?
- CAR has reported 1,158,872 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is CAR worth?
- The remaining production from CAR is estimated to be worth about $146K in total as of 26 August 2026, within a range of $121K to $171K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CAR is a fraction of it. The estimate fits an Arps decline curve to the production CAR has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CAR is an estimate of value, not an offer and not an appraisal.
- How much income does CAR generate in a year?
- CAR is forecast to net about $24K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CAR receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Phillips Petroleum Company |
|---|---|
| Field | Panhandle, West |
| County | Gray County, Texas |
| RRC district | 10 |
| Lease number | 024771 |
| Wellbores | 1 |
| Reported production | 1,158,872 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $146K |
Where CAR 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.