CARVE
CARVE is a Texas gas lease in Moore County, Railroad Commission district 10, operated by Travelers Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from January 2012 to August 2026, totalling 103,301 thousand cubic feet. 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 $84K, with roughly $13K 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 549 thousand cubic feet a month. Its strongest month on the record we hold was November 2022, at 1,466 thousand cubic feet. 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 CARVE
- Who operates CARVE?
- CARVE is operated by Travelers Oil Company, Railroad Commission of Texas operator number 865980.
- Where is CARVE?
- CARVE is a Texas gas lease in Moore County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 267172.
- Is CARVE still producing?
- CARVE is intermittent. The most recent month of production reported to the Railroad Commission of Texas for CARVE is August 2026.
- How much has CARVE produced?
- CARVE has reported 103,301 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2012 and August 2026, from 1 wellbore.
- How much is CARVE worth?
- The remaining production from CARVE is estimated to be worth about $84K in total as of 26 August 2026, within a range of $66K to $103K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CARVE is a fraction of it. The estimate fits an Arps decline curve to the production CARVE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CARVE is an estimate of value, not an offer and not an appraisal.
- How much income does CARVE generate in a year?
- CARVE is forecast to net about $13K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CARVE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Travelers Oil Company |
|---|---|
| Field | Panhandle, West |
| County | Moore County, Texas |
| RRC district | 10 |
| Lease number | 267172 |
| Wellbores | 1 |
| Reported production | 103,301 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $84K |
Where CARVE 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.