STUDDARD STEWARD "M"
STUDDARD STEWARD "M" is a Texas gas lease in Freestone County, Railroad Commission district 05, operated by Barrow-Shaver Resources Co. It has 1 wellbore on file with the Commission. Reported production runs from October 2008 to August 2026, totalling 1,170,486 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 $495K, with roughly $89K 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 4,186 thousand cubic feet a month. Its strongest month on the record we hold was August 2024, at 10,447 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 STUDDARD STEWARD "M"
- Who operates STUDDARD STEWARD "M"?
- STUDDARD STEWARD "M" is operated by Barrow-Shaver Resources Co., Railroad Commission of Texas operator number 053321.
- Where is STUDDARD STEWARD "M"?
- STUDDARD STEWARD "M" is a Texas gas lease in Freestone County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 251089.
- Is STUDDARD STEWARD "M" still producing?
- STUDDARD STEWARD "M" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STUDDARD STEWARD "M" is August 2026.
- How much has STUDDARD STEWARD "M" produced?
- STUDDARD STEWARD "M" has reported 1,170,486 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2008 and August 2026, from 1 wellbore.
- How much is STUDDARD STEWARD "M" worth?
- The remaining production from STUDDARD STEWARD "M" is estimated to be worth about $495K in total as of 27 August 2026, within a range of $411K to $579K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STUDDARD STEWARD "M" is a fraction of it. The estimate fits an Arps decline curve to the production STUDDARD STEWARD "M" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STUDDARD STEWARD "M" is an estimate of value, not an offer and not an appraisal.
- How much income does STUDDARD STEWARD "M" generate in a year?
- STUDDARD STEWARD "M" is forecast to net about $89K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STUDDARD STEWARD "M" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Barrow-Shaver Resources Co. |
|---|---|
| Field | Wildcat |
| County | Freestone County, Texas |
| RRC district | 05 |
| Lease number | 251089 |
| Wellbores | 1 |
| Reported production | 1,170,486 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $495K |
Where STUDDARD STEWARD "M" 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.