OATES BROS.
OATES BROS. is a Texas gas lease in Wise County, Railroad Commission district 09, operated by Carter Energy Corporation. It has 1 wellbore on file with the Commission. Reported production runs from December 1994 to August 2026, totalling 340,525 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 $86K, with roughly $17K 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 799 thousand cubic feet a month. Its strongest month on the record we hold was June 2022, at 2,963 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 OATES BROS.
- Who operates OATES BROS.?
- OATES BROS. is operated by Carter Energy Corporation, Railroad Commission of Texas operator number 136745.
- Where is OATES BROS.?
- OATES BROS. is a Texas gas lease in Wise County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 152382.
- Is OATES BROS. still producing?
- OATES BROS. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for OATES BROS. is August 2026.
- How much has OATES BROS. produced?
- OATES BROS. has reported 340,525 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 1994 and August 2026, from 1 wellbore.
- How much is OATES BROS. worth?
- The remaining production from OATES BROS. is estimated to be worth about $86K in total as of 26 August 2026, within a range of $67K to $105K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OATES BROS. is a fraction of it. The estimate fits an Arps decline curve to the production OATES BROS. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OATES BROS. is an estimate of value, not an offer and not an appraisal.
- How much income does OATES BROS. generate in a year?
- OATES BROS. is forecast to net about $17K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in OATES BROS. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Carter Energy Corporation |
|---|---|
| Field | Boonsville (Bend Congl., Gas) |
| County | Wise County, Texas |
| RRC district | 09 |
| Lease number | 152382 |
| Wellbores | 1 |
| Reported production | 340,525 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $86K |
Where OATES BROS. 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.