STONE
STONE is a Texas oil lease in Throckmorton County, Railroad Commission district 7B, operated by PV Oil Services, LLC. It has 7 wellbores on file with the Commission. Reported production runs from January 2017 to August 2026, totalling 5,390 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 $223K, with roughly $43K 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 54 barrels a month, about 8 per wellbore. Its strongest month on the record we hold was May 2024, at 86 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 STONE
- Who operates STONE?
- STONE is operated by PV Oil Services, LLC, Railroad Commission of Texas operator number 683823.
- Where is STONE?
- STONE is a Texas oil lease in Throckmorton County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 32089.
- Is STONE still producing?
- STONE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STONE is August 2026.
- How much has STONE produced?
- STONE has reported 5,390 barrels of oil (bbl) to the Railroad Commission of Texas between January 2017 and August 2026, from 7 wellbores.
- How much is STONE worth?
- The remaining production from STONE is estimated to be worth about $223K in total as of 26 August 2026, within a range of $123K to $324K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STONE is a fraction of it. The estimate fits an Arps decline curve to the production STONE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STONE is an estimate of value, not an offer and not an appraisal.
- How much income does STONE generate in a year?
- STONE is forecast to net about $43K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STONE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | PV Oil Services, LLC |
|---|---|
| Field | Throckmorton County Regular |
| County | Throckmorton County, Texas |
| RRC district | 7B |
| Lease number | 32089 |
| Wellbores | 7 |
| Reported production | 5,390 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $223K |
Where STONE 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.