LIGHT
LIGHT is a Texas oil lease in Rusk County, Railroad Commission district 06, operated by Carr Resources, Inc. It has 2 wellbores on file with the Commission. Reported production runs from April 2002 to August 2026, totalling 78,724 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 $8K, with roughly $2K 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 2 barrels a month, about 1 per wellbore. Its strongest month on the record we hold was January 2017, at 8 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 LIGHT
- Who operates LIGHT?
- LIGHT is operated by Carr Resources, Inc., Railroad Commission of Texas operator number 135180.
- Where is LIGHT?
- LIGHT is a Texas oil lease in Rusk County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 14172.
- Is LIGHT still producing?
- LIGHT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LIGHT is August 2026.
- How much has LIGHT produced?
- LIGHT has reported 78,724 barrels of oil (bbl) to the Railroad Commission of Texas between April 2002 and August 2026, from 2 wellbores.
- How much is LIGHT worth?
- The remaining production from LIGHT is estimated to be worth about $8K in total as of 26 August 2026, within a range of $0 to $16K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LIGHT is a fraction of it. The estimate fits an Arps decline curve to the production LIGHT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LIGHT is an estimate of value, not an offer and not an appraisal.
- How much income does LIGHT generate in a year?
- LIGHT is forecast to net about $2K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LIGHT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Carr Resources, Inc. |
|---|---|
| Field | Red Loop (Rodessa) |
| County | Rusk County, Texas |
| RRC district | 06 |
| Lease number | 14172 |
| Wellbores | 2 |
| Reported production | 78,724 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $8K |
Where LIGHT 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.