STINE, WARD L.
STINE, WARD L. is a Texas oil lease in Clay County, Railroad Commission district 09, operated by Stine, Ward L.Oil Company. It has 23 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 16,998 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 $351K, with roughly $68K 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 110 barrels a month, about 5 per wellbore. Its strongest month on the record we hold was January 2019, at 196 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 STINE, WARD L.
- Who operates STINE, WARD L.?
- STINE, WARD L. is operated by Stine, Ward L.Oil Company, Railroad Commission of Texas operator number 821891.
- Where is STINE, WARD L.?
- STINE, WARD L. is a Texas oil lease in Clay County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 19059.
- Is STINE, WARD L. still producing?
- STINE, WARD L. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STINE, WARD L. is August 2026.
- How much has STINE, WARD L. produced?
- STINE, WARD L. has reported 16,998 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 23 wellbores.
- How much is STINE, WARD L. worth?
- The remaining production from STINE, WARD L. is estimated to be worth about $351K in total as of 27 August 2026, within a range of $274K to $429K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STINE, WARD L. is a fraction of it. The estimate fits an Arps decline curve to the production STINE, WARD L. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STINE, WARD L. is an estimate of value, not an offer and not an appraisal.
- How much income does STINE, WARD L. generate in a year?
- STINE, WARD L. is forecast to net about $68K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STINE, WARD L. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Stine, Ward L.Oil Company |
|---|---|
| Field | Clay County Regular |
| County | Clay County, Texas |
| RRC district | 09 |
| Lease number | 19059 |
| Wellbores | 23 |
| Reported production | 16,998 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $351K |
Where STINE, WARD L. 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.