CARR-WARD
CARR-WARD is a Texas oil lease in Leon County, Railroad Commission district 03, operated by New Gulf Resources, LLC. It has 1 wellbore on file with the Commission. Reported production runs from January 2015 to August 2026, totalling 114,756 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 $1.0M, with roughly $207K 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 292 barrels a month. Its strongest month on the record we hold was May 2016, at 2,327 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 CARR-WARD
- Who operates CARR-WARD?
- CARR-WARD is operated by New Gulf Resources, LLC, Railroad Commission of Texas operator number 606085.
- Where is CARR-WARD?
- CARR-WARD is a Texas oil lease in Leon County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 27174.
- Is CARR-WARD still producing?
- CARR-WARD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CARR-WARD is August 2026.
- How much has CARR-WARD produced?
- CARR-WARD has reported 114,756 barrels of oil (bbl) to the Railroad Commission of Texas between January 2015 and August 2026, from 1 wellbore.
- How much is CARR-WARD worth?
- The remaining production from CARR-WARD is estimated to be worth about $1.0M in total as of 26 August 2026, within a range of $811K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CARR-WARD is a fraction of it. The estimate fits an Arps decline curve to the production CARR-WARD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CARR-WARD is an estimate of value, not an offer and not an appraisal.
- How much income does CARR-WARD generate in a year?
- CARR-WARD is forecast to net about $207K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CARR-WARD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | New Gulf Resources, LLC |
|---|---|
| Field | Halliday (Woodbine) |
| County | Leon County, Texas |
| RRC district | 03 |
| Lease number | 27174 |
| Wellbores | 1 |
| Reported production | 114,756 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.0M |
Where CARR-WARD 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.