STEWARD, G. W. 68
STEWARD, G. W. 68 is a Texas oil lease in Van Zandt County, Railroad Commission district 05, operated by Union Oil Company Of California. It has 1 wellbore on file with the Commission. Reported production runs from January 2004 to August 2026, totalling 5,256 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 $101K, with roughly $19K 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 24 barrels a month. Its strongest month on the record we hold was January 2021, at 46 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 STEWARD, G. W. 68
- Who operates STEWARD, G. W. 68?
- STEWARD, G. W. 68 is operated by Union Oil Company Of California, Railroad Commission of Texas operator number 876520.
- Where is STEWARD, G. W. 68?
- STEWARD, G. W. 68 is a Texas oil lease in Van Zandt County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 03771.
- Is STEWARD, G. W. 68 still producing?
- STEWARD, G. W. 68 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STEWARD, G. W. 68 is August 2026.
- How much has STEWARD, G. W. 68 produced?
- STEWARD, G. W. 68 has reported 5,256 barrels of oil (bbl) to the Railroad Commission of Texas between January 2004 and August 2026, from 1 wellbore.
- How much is STEWARD, G. W. 68 worth?
- The remaining production from STEWARD, G. W. 68 is estimated to be worth about $101K in total as of 26 August 2026, within a range of $55K to $146K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEWARD, G. W. 68 is a fraction of it. The estimate fits an Arps decline curve to the production STEWARD, G. W. 68 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEWARD, G. W. 68 is an estimate of value, not an offer and not an appraisal.
- How much income does STEWARD, G. W. 68 generate in a year?
- STEWARD, G. W. 68 is forecast to net about $19K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STEWARD, G. W. 68 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Oil Company Of California |
|---|---|
| Field | Van (Austin Chalk) |
| County | Van Zandt County, Texas |
| RRC district | 05 |
| Lease number | 03771 |
| Wellbores | 1 |
| Reported production | 5,256 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $101K |
Where STEWARD, G. W. 68 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.