CIRCLE BAR
CIRCLE BAR is a Texas oil lease in Knox County, Railroad Commission district 09, operated by Double M Petroproperties, Inc. It has 1 wellbore on file with the Commission. Reported production runs from August 2022 to August 2026, totalling 13,340 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 $532K, with roughly $102K 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 154 barrels a month. Its strongest month on the record we hold was September 2022, at 1,047 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 CIRCLE BAR
- Who operates CIRCLE BAR?
- CIRCLE BAR is operated by Double M Petroproperties, Inc., Railroad Commission of Texas operator number 224867.
- Where is CIRCLE BAR?
- CIRCLE BAR is a Texas oil lease in Knox County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 34135.
- Is CIRCLE BAR still producing?
- CIRCLE BAR is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CIRCLE BAR is August 2026.
- How much has CIRCLE BAR produced?
- CIRCLE BAR has reported 13,340 barrels of oil (bbl) to the Railroad Commission of Texas between August 2022 and August 2026, from 1 wellbore.
- How much is CIRCLE BAR worth?
- The remaining production from CIRCLE BAR is estimated to be worth about $532K in total as of 27 August 2026, within a range of $415K to $649K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CIRCLE BAR is a fraction of it. The estimate fits an Arps decline curve to the production CIRCLE BAR has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CIRCLE BAR is an estimate of value, not an offer and not an appraisal.
- How much income does CIRCLE BAR generate in a year?
- CIRCLE BAR is forecast to net about $102K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CIRCLE BAR receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Double M Petroproperties, Inc. |
|---|---|
| Field | Aurelia |
| County | Knox County, Texas |
| RRC district | 09 |
| Lease number | 34135 |
| Wellbores | 1 |
| Reported production | 13,340 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $532K |
Where CIRCLE BAR 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.