CARMICHAEL
CARMICHAEL is a Texas oil lease in Marion County, Railroad Commission district 06, operated by Brooks Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from October 2016 to August 2026, totalling 167,586 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 $497K, with roughly $171K 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 328 barrels a month. Its strongest month on the record we hold was July 2017, at 10,306 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 CARMICHAEL
- Who operates CARMICHAEL?
- CARMICHAEL is operated by Brooks Petroleum Company, Railroad Commission of Texas operator number 097323.
- Where is CARMICHAEL?
- CARMICHAEL is a Texas oil lease in Marion County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 15552.
- Is CARMICHAEL still producing?
- CARMICHAEL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CARMICHAEL is August 2026.
- How much has CARMICHAEL produced?
- CARMICHAEL has reported 167,586 barrels of oil (bbl) to the Railroad Commission of Texas between October 2016 and August 2026, from 1 wellbore.
- How much is CARMICHAEL worth?
- The remaining production from CARMICHAEL is estimated to be worth about $497K in total as of 26 August 2026, within a range of $388K to $607K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CARMICHAEL is a fraction of it. The estimate fits an Arps decline curve to the production CARMICHAEL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CARMICHAEL is an estimate of value, not an offer and not an appraisal.
- How much income does CARMICHAEL generate in a year?
- CARMICHAEL is forecast to net about $171K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CARMICHAEL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Brooks Petroleum Company |
|---|---|
| Field | Lake Ferrell (Pettit, Upper) |
| County | Marion County, Texas |
| RRC district | 06 |
| Lease number | 15552 |
| Wellbores | 1 |
| Reported production | 167,586 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $497K |
Where CARMICHAEL 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.