STEPHENS -82-
STEPHENS -82- is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Henry Petroleum Corp. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 52,646 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 $589K, with roughly $112K 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 189 barrels a month. Its strongest month on the record we hold was December 2023, at 554 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 STEPHENS -82-
- Who operates STEPHENS -82-?
- STEPHENS -82- is operated by Henry Petroleum Corp., Railroad Commission of Texas operator number 378635.
- Where is STEPHENS -82-?
- STEPHENS -82- is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 27905.
- Is STEPHENS -82- still producing?
- STEPHENS -82- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STEPHENS -82- is August 2026.
- How much has STEPHENS -82- produced?
- STEPHENS -82- has reported 52,646 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is STEPHENS -82- worth?
- The remaining production from STEPHENS -82- is estimated to be worth about $589K in total as of 27 August 2026, within a range of $459K to $719K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEPHENS -82- is a fraction of it. The estimate fits an Arps decline curve to the production STEPHENS -82- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEPHENS -82- is an estimate of value, not an offer and not an appraisal.
- How much income does STEPHENS -82- generate in a year?
- STEPHENS -82- is forecast to net about $112K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STEPHENS -82- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Henry Petroleum Corp. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 27905 |
| Wellbores | 1 |
| Reported production | 52,646 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $589K |
Where STEPHENS -82- 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.