STEDE BONNET
STEDE BONNET 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 June 2022 to August 2026, totalling 43,236 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 $1.1M, with roughly $187K 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 238 barrels a month, about 79 per wellbore. Its strongest month on the record we hold was July 2023, at 4,806 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
- Who operates STEDE BONNET?
- STEDE BONNET is operated by Blackbeard Operating, LLC, Railroad Commission of Texas operator number 073056.
- Where is STEDE BONNET?
- STEDE BONNET is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 57629.
- Is STEDE BONNET still producing?
- STEDE BONNET is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STEDE BONNET is August 2026.
- How much has STEDE BONNET produced?
- STEDE BONNET has reported 43,236 barrels of oil (bbl) to the Railroad Commission of Texas between June 2022 and August 2026, from 3 wellbores.
- How much is STEDE BONNET worth?
- The remaining production from STEDE BONNET is estimated to be worth about $1.1M in total as of 27 August 2026, within a range of $830K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEDE BONNET is a fraction of it. The estimate fits an Arps decline curve to the production STEDE BONNET 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 is an estimate of value, not an offer and not an appraisal.
- How much income does STEDE BONNET generate in a year?
- STEDE BONNET is forecast to net about $187K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STEDE BONNET receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Blackbeard Operating, LLC |
|---|---|
| Field | Sand Hills (Wichita-Albany) |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 57629 |
| Wellbores | 3 |
| Reported production | 43,236 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where STEDE BONNET 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.