CARR
CARR is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Stout, Billy J. JR. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 4,795 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 $20K, with roughly $4K 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 5 barrels a month. Its strongest month on the record we hold was June 2022, at 19 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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
- Who operates CARR?
- CARR is operated by Stout, Billy J. JR., Railroad Commission of Texas operator number 824199.
- Where is CARR?
- CARR is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 09998.
- Is CARR still producing?
- CARR is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CARR is August 2026.
- How much has CARR produced?
- CARR has reported 4,795 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is CARR worth?
- The remaining production from CARR is estimated to be worth about $20K in total as of 26 August 2026, within a range of $0 to $40K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CARR is a fraction of it. The estimate fits an Arps decline curve to the production CARR has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CARR is an estimate of value, not an offer and not an appraisal.
- How much income does CARR generate in a year?
- CARR is forecast to net about $4K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CARR receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Stout, Billy J. JR. |
|---|---|
| Field | John Scott (Grayburg) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 09998 |
| Wellbores | 1 |
| Reported production | 4,795 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $20K |
Where CARR 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.