WARD SOUTH UNIT
WARD SOUTH UNIT is a Texas oil lease in Stephens County, Railroad Commission district 7B, operated by Parker & Parsley Development Co. It has 5 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 296,063 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 $1.5M, with roughly $337K 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 516 barrels a month, about 103 per wellbore. Its strongest month on the record we hold was June 2025, at 657 barrels. 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 WARD SOUTH UNIT
- Who operates WARD SOUTH UNIT?
- WARD SOUTH UNIT is operated by Parker & Parsley Development Co., Railroad Commission of Texas operator number 640889.
- Where is WARD SOUTH UNIT?
- WARD SOUTH UNIT is a Texas oil lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 14677.
- Is WARD SOUTH UNIT still producing?
- WARD SOUTH UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WARD SOUTH UNIT is August 2026.
- How much has WARD SOUTH UNIT produced?
- WARD SOUTH UNIT has reported 296,063 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 5 wellbores.
- How much is WARD SOUTH UNIT worth?
- The remaining production from WARD SOUTH UNIT is estimated to be worth about $1.5M in total as of 26 August 2026, within a range of $1.2M to $1.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WARD SOUTH UNIT is a fraction of it. The estimate fits an Arps decline curve to the production WARD SOUTH UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WARD SOUTH UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does WARD SOUTH UNIT generate in a year?
- WARD SOUTH UNIT is forecast to net about $337K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WARD SOUTH UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Parker & Parsley Development Co. |
|---|---|
| Field | Stephens County Regular |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 14677 |
| Wellbores | 5 |
| Reported production | 296,063 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.5M |
Where WARD SOUTH UNIT 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.