CARTER 7-40
CARTER 7-40 is a Texas gas lease in Palo Pinto County, Railroad Commission district 7B, operated by Eratz Investments Inc. It has 1 wellbore on file with the Commission. Reported production runs from April 1998 to August 2026, totalling 1,313,857 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 $137K, with roughly $21K 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 828 thousand cubic feet a month. Its strongest month on the record we hold was January 2017, at 2,301 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 CARTER 7-40
- Who operates CARTER 7-40?
- CARTER 7-40 is operated by Eratz Investments Inc., Railroad Commission of Texas operator number 253336.
- Where is CARTER 7-40?
- CARTER 7-40 is a Texas gas lease in Palo Pinto County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 168423.
- Is CARTER 7-40 still producing?
- CARTER 7-40 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CARTER 7-40 is August 2026.
- How much has CARTER 7-40 produced?
- CARTER 7-40 has reported 1,313,857 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 1998 and August 2026, from 1 wellbore.
- How much is CARTER 7-40 worth?
- The remaining production from CARTER 7-40 is estimated to be worth about $137K in total as of 27 August 2026, within a range of $107K to $167K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CARTER 7-40 is a fraction of it. The estimate fits an Arps decline curve to the production CARTER 7-40 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CARTER 7-40 is an estimate of value, not an offer and not an appraisal.
- How much income does CARTER 7-40 generate in a year?
- CARTER 7-40 is forecast to net about $21K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CARTER 7-40 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Eratz Investments Inc. |
|---|---|
| Field | Lone Camp, NW. (Congl.) |
| County | Palo Pinto County, Texas |
| RRC district | 7B |
| Lease number | 168423 |
| Wellbores | 1 |
| Reported production | 1,313,857 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $137K |
Where CARTER 7-40 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.