CARTER
CARTER is a Texas oil lease in Irion County, Railroad Commission district 7C, operated by Cog Operating LLC. It has 3 wellbores on file with the Commission. Reported production runs from April 2014 to August 2026, totalling 119,452 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 $1.2M, with roughly $297K 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 337 barrels a month, about 112 per wellbore. Its strongest month on the record we hold was May 2018, at 2,931 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 CARTER
- Who operates CARTER?
- CARTER is operated by Cog Operating LLC, Railroad Commission of Texas operator number 166150.
- Where is CARTER?
- CARTER is a Texas oil lease in Irion County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 18460.
- Is CARTER still producing?
- CARTER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CARTER is August 2026.
- How much has CARTER produced?
- CARTER has reported 119,452 barrels of oil (bbl) to the Railroad Commission of Texas between April 2014 and August 2026, from 3 wellbores.
- How much is CARTER worth?
- The remaining production from CARTER is estimated to be worth about $1.2M in total as of 26 August 2026, within a range of $969K to $1.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CARTER is a fraction of it. The estimate fits an Arps decline curve to the production CARTER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CARTER is an estimate of value, not an offer and not an appraisal.
- How much income does CARTER generate in a year?
- CARTER is forecast to net about $297K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CARTER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cog Operating LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Irion County, Texas |
| RRC district | 7C |
| Lease number | 18460 |
| Wellbores | 3 |
| Reported production | 119,452 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.2M |
Where CARTER 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.