STUART-NELSON UNIT
STUART-NELSON UNIT is a Texas oil lease in Caldwell County, Railroad Commission district 01, operated by Spencer-Cloughly Investments Inc. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 20,525 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 $42K, with roughly $8K 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 12 barrels a month, about 4 per wellbore. Its strongest month on the record we hold was January 2017, at 120 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 STUART-NELSON UNIT
- Who operates STUART-NELSON UNIT?
- STUART-NELSON UNIT is operated by Spencer-Cloughly Investments Inc, Railroad Commission of Texas operator number 809346.
- Where is STUART-NELSON UNIT?
- STUART-NELSON UNIT is a Texas oil lease in Caldwell County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 07944.
- Is STUART-NELSON UNIT still producing?
- STUART-NELSON UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STUART-NELSON UNIT is August 2026.
- How much has STUART-NELSON UNIT produced?
- STUART-NELSON UNIT has reported 20,525 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is STUART-NELSON UNIT worth?
- The remaining production from STUART-NELSON UNIT is estimated to be worth about $42K in total as of 26 August 2026, within a range of $23K to $61K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STUART-NELSON UNIT is a fraction of it. The estimate fits an Arps decline curve to the production STUART-NELSON UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STUART-NELSON UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does STUART-NELSON UNIT generate in a year?
- STUART-NELSON UNIT is forecast to net about $8K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STUART-NELSON UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Spencer-Cloughly Investments Inc |
|---|---|
| Field | Salt Flat, West |
| County | Caldwell County, Texas |
| RRC district | 01 |
| Lease number | 07944 |
| Wellbores | 3 |
| Reported production | 20,525 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $42K |
Where STUART-NELSON 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.