STEDE BONNET N
STEDE BONNET N is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Blackbeard Operating, LLC. It has 2 wellbores on file with the Commission. Reported production runs from April 2023 to August 2026, totalling 26,155 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 $1.3M, with roughly $228K 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 309 barrels a month, about 155 per wellbore. Its strongest month on the record we hold was September 2023, at 3,936 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 STEDE BONNET N
- Who operates STEDE BONNET N?
- STEDE BONNET N is operated by Blackbeard Operating, LLC, Railroad Commission of Texas operator number 073056.
- Where is STEDE BONNET N?
- STEDE BONNET N is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 59646.
- Is STEDE BONNET N still producing?
- STEDE BONNET N is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STEDE BONNET N is August 2026.
- How much has STEDE BONNET N produced?
- STEDE BONNET N has reported 26,155 barrels of oil (bbl) to the Railroad Commission of Texas between April 2023 and August 2026, from 2 wellbores.
- How much is STEDE BONNET N worth?
- The remaining production from STEDE BONNET N is estimated to be worth about $1.3M in total as of 27 August 2026, within a range of $1.0M to $1.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEDE BONNET N is a fraction of it. The estimate fits an Arps decline curve to the production STEDE BONNET N has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEDE BONNET N is an estimate of value, not an offer and not an appraisal.
- How much income does STEDE BONNET N generate in a year?
- STEDE BONNET N is forecast to net about $228K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STEDE BONNET N receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Blackbeard Operating, LLC |
|---|---|
| Field | Sand Hills (Clear Fork) |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 59646 |
| Wellbores | 2 |
| Reported production | 26,155 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.3M |
Where STEDE BONNET N 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.