STEPHENS N.E. UNIT
STEPHENS N.E. UNIT is a Texas gas lease in Comanche County, Railroad Commission district 7B, operated by Burk Royalty Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 289,084 thousand cubic feet. 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 $62K, with roughly $9K 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 431 thousand cubic feet a month. Its strongest month on the record we hold was September 2017, at 853 thousand cubic feet. 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 N.E. UNIT
- Who operates STEPHENS N.E. UNIT?
- STEPHENS N.E. UNIT is operated by Burk Royalty Company, Railroad Commission of Texas operator number 108800.
- Where is STEPHENS N.E. UNIT?
- STEPHENS N.E. UNIT is a Texas gas lease in Comanche County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 068860.
- Is STEPHENS N.E. UNIT still producing?
- STEPHENS N.E. UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STEPHENS N.E. UNIT is August 2026.
- How much has STEPHENS N.E. UNIT produced?
- STEPHENS N.E. UNIT has reported 289,084 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is STEPHENS N.E. UNIT worth?
- The remaining production from STEPHENS N.E. UNIT is estimated to be worth about $62K in total as of 26 August 2026, within a range of $49K to $76K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEPHENS N.E. UNIT is a fraction of it. The estimate fits an Arps decline curve to the production STEPHENS N.E. UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEPHENS N.E. UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does STEPHENS N.E. UNIT generate in a year?
- STEPHENS N.E. UNIT is forecast to net about $9K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STEPHENS N.E. UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Burk Royalty Company |
|---|---|
| Field | Mittie (Marble Falls) |
| County | Comanche County, Texas |
| RRC district | 7B |
| Lease number | 068860 |
| Wellbores | 1 |
| Reported production | 289,084 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $62K |
Where STEPHENS N.E. 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.