WARE
WARE is a Texas oil lease in Hutchinson County, Railroad Commission district 10, operated by M E G G , Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 12,079 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 $150K, with roughly $29K 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 barrels a month, about 16 per wellbore. Its strongest month on the record we hold was March 2020, at 170 barrels. 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 WARE
- Who operates WARE?
- WARE is operated by M E G G , Inc., Railroad Commission of Texas operator number 518279.
- Where is WARE?
- WARE is a Texas oil lease in Hutchinson County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 01242.
- Is WARE still producing?
- WARE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WARE is August 2026.
- How much has WARE produced?
- WARE has reported 12,079 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is WARE worth?
- The remaining production from WARE is estimated to be worth about $150K in total as of 26 August 2026, within a range of $83K to $218K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WARE is a fraction of it. The estimate fits an Arps decline curve to the production WARE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WARE is an estimate of value, not an offer and not an appraisal.
- How much income does WARE generate in a year?
- WARE is forecast to net about $29K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WARE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | M E G G , Inc. |
|---|---|
| Field | Panhandle Hutchinson County FLD. |
| County | Hutchinson County, Texas |
| RRC district | 10 |
| Lease number | 01242 |
| Wellbores | 2 |
| Reported production | 12,079 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $150K |
Where WARE 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.