FORWARD
FORWARD is a Texas oil lease in Wichita County, Railroad Commission district 09, operated by Stephens & Johnson Operating Co. It has 10 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 39,347 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 $412K, with roughly $79K 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 108 barrels a month, about 11 per wellbore. Its strongest month on the record we hold was March 2020, at 251 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 FORWARD
- Who operates FORWARD?
- FORWARD is operated by Stephens & Johnson Operating Co., Railroad Commission of Texas operator number 817555.
- Where is FORWARD?
- FORWARD is a Texas oil lease in Wichita County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 06214.
- Is FORWARD still producing?
- FORWARD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FORWARD is August 2026.
- How much has FORWARD produced?
- FORWARD has reported 39,347 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 10 wellbores.
- How much is FORWARD worth?
- The remaining production from FORWARD is estimated to be worth about $412K in total as of 26 August 2026, within a range of $321K to $503K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FORWARD is a fraction of it. The estimate fits an Arps decline curve to the production FORWARD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FORWARD is an estimate of value, not an offer and not an appraisal.
- How much income does FORWARD generate in a year?
- FORWARD is forecast to net about $79K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FORWARD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Stephens & Johnson Operating Co. |
|---|---|
| Field | K-M-A |
| County | Wichita County, Texas |
| RRC district | 09 |
| Lease number | 06214 |
| Wellbores | 10 |
| Reported production | 39,347 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $412K |
Where FORWARD 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.