CARTER
CARTER is a Texas gas lease in Leon County, Railroad Commission district 06, operated by Fortson Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 2,032,053 thousand cubic feet. 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 $84K, with roughly $30K 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 1,572 thousand cubic feet a month. Its strongest month on the record we hold was June 2018, at 4,611 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 Fortson Oil Company, Railroad Commission of Texas operator number 278563.
- Where is CARTER?
- CARTER is a Texas gas lease in Leon County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 124187.
- 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 2,032,053 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is CARTER worth?
- The remaining production from CARTER is estimated to be worth about $84K in total as of 26 August 2026, within a range of $70K to $98K. 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 $30K 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 | Fortson Oil Company |
|---|---|
| Field | Long Lake (Pettet 9300) |
| County | Leon County, Texas |
| RRC district | 06 |
| Lease number | 124187 |
| Wellbores | 1 |
| Reported production | 2,032,053 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $84K |
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.