STEDE BONNET NW
STEDE BONNET NW is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Blackbeard Operating, LLC. It has 3 wellbores on file with the Commission. Reported production runs from July 2023 to August 2026, totalling 42,842 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 $422K, with roughly $289K 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 518 barrels a month, about 173 per wellbore. Its strongest month on the record we hold was January 2024, at 2,779 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 NW
- Who operates STEDE BONNET NW?
- STEDE BONNET NW is operated by Blackbeard Operating, LLC, Railroad Commission of Texas operator number 073056.
- Where is STEDE BONNET NW?
- STEDE BONNET NW is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 59909.
- Is STEDE BONNET NW still producing?
- STEDE BONNET NW is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STEDE BONNET NW is August 2026.
- How much has STEDE BONNET NW produced?
- STEDE BONNET NW has reported 42,842 barrels of oil (bbl) to the Railroad Commission of Texas between July 2023 and August 2026, from 3 wellbores.
- How much is STEDE BONNET NW worth?
- The remaining production from STEDE BONNET NW is estimated to be worth about $422K in total as of 27 August 2026, within a range of $330K to $515K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEDE BONNET NW is a fraction of it. The estimate fits an Arps decline curve to the production STEDE BONNET NW 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 NW is an estimate of value, not an offer and not an appraisal.
- How much income does STEDE BONNET NW generate in a year?
- STEDE BONNET NW is forecast to net about $289K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STEDE BONNET NW 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 | 59909 |
| Wellbores | 3 |
| Reported production | 42,842 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $422K |
Where STEDE BONNET NW 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.