CAROL
CAROL is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Sha-Jam Operating Corp. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 48,328 barrels. The lease is intermittent. 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 $37K, with roughly $6K 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 barrels a month, about 1 per wellbore. Its strongest month on the record we hold was December 2022, at 382 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 Sha-Jam Operating Corp., Railroad Commission of Texas operator number 767967.
- Where is CAROL?
- CAROL is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 17734.
- Is CAROL still producing?
- CAROL is intermittent. 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 48,328 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is CAROL worth?
- The remaining production from CAROL is estimated to be worth about $37K in total as of 26 August 2026, within a range of $0 to $74K. 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 $6K 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 | Sha-Jam Operating Corp. |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 17734 |
| Wellbores | 2 |
| Reported production | 48,328 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $37K |
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.