LESTER CARTER 1
LESTER CARTER 1 is a Texas oil lease in Jack County, Railroad Commission district 09, operated by Miles Production Co. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 24,636 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 $273K, with roughly $38K 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 14 barrels a month. Its strongest month on the record we hold was May 2017, at 119 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 LESTER CARTER 1
- Who operates LESTER CARTER 1?
- LESTER CARTER 1 is operated by Miles Production Co., Railroad Commission of Texas operator number 567000.
- Where is LESTER CARTER 1?
- LESTER CARTER 1 is a Texas oil lease in Jack County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 16668.
- Is LESTER CARTER 1 still producing?
- LESTER CARTER 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LESTER CARTER 1 is August 2026.
- How much has LESTER CARTER 1 produced?
- LESTER CARTER 1 has reported 24,636 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is LESTER CARTER 1 worth?
- The remaining production from LESTER CARTER 1 is estimated to be worth about $273K in total as of 26 August 2026, within a range of $150K to $396K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LESTER CARTER 1 is a fraction of it. The estimate fits an Arps decline curve to the production LESTER CARTER 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LESTER CARTER 1 is an estimate of value, not an offer and not an appraisal.
- How much income does LESTER CARTER 1 generate in a year?
- LESTER CARTER 1 is forecast to net about $38K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LESTER CARTER 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Miles Production Co. |
|---|---|
| Field | Lost Valley (Marble Falls) |
| County | Jack County, Texas |
| RRC district | 09 |
| Lease number | 16668 |
| Wellbores | 1 |
| Reported production | 24,636 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $273K |
Where LESTER CARTER 1 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.