CAROL
CAROL 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 1,526,667 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 $312K, with roughly $47K 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 2,494 thousand cubic feet a month. Its strongest month on the record we hold was February 2026, at 4,450 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 CAROL
- Who operates CAROL?
- CAROL is operated by Phillips Petroleum Company, Railroad Commission of Texas operator number 663680.
- Where is CAROL?
- CAROL is a Texas gas lease in Gray County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 024776.
- Is CAROL still producing?
- CAROL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CAROL is August 2026.
- How much has CAROL produced?
- CAROL has reported 1,526,667 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is CAROL worth?
- The remaining production from CAROL is estimated to be worth about $312K in total as of 26 August 2026, within a range of $259K to $365K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CAROL is a fraction of it. The estimate fits an Arps decline curve to the production CAROL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CAROL is an estimate of value, not an offer and not an appraisal.
- How much income does CAROL generate in a year?
- CAROL is forecast to net about $47K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CAROL 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 | 024776 |
| Wellbores | 1 |
| Reported production | 1,526,667 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $312K |
Where CAROL 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.