STEWART
STEWART is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Seaboard Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from July 2001 to August 2026, totalling 35,907 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 $284K, with roughly $54K 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 73 barrels a month. Its strongest month on the record we hold was July 2020, at 139 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 STEWART
- Who operates STEWART?
- STEWART is operated by Seaboard Oil Company, Railroad Commission of Texas operator number 760901.
- Where is STEWART?
- STEWART is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 36683.
- Is STEWART still producing?
- STEWART is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STEWART is August 2026.
- How much has STEWART produced?
- STEWART has reported 35,907 barrels of oil (bbl) to the Railroad Commission of Texas between July 2001 and August 2026, from 1 wellbore.
- How much is STEWART worth?
- The remaining production from STEWART is estimated to be worth about $284K in total as of 26 August 2026, within a range of $156K to $411K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEWART is a fraction of it. The estimate fits an Arps decline curve to the production STEWART has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEWART is an estimate of value, not an offer and not an appraisal.
- How much income does STEWART generate in a year?
- STEWART is forecast to net about $54K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STEWART receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Seaboard Oil Company |
|---|---|
| Field | Double E (Bell Canyon) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 36683 |
| Wellbores | 1 |
| Reported production | 35,907 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $284K |
Where STEWART 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.