STEWARD
STEWARD is a Texas gas lease in Freestone County, Railroad Commission district 05, operated by Stroud Petroleum, Inc. It has 1 wellbore on file with the Commission. Reported production runs from May 2006 to August 2026, totalling 835,487 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 $164K, with roughly $25K 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 1,338 thousand cubic feet a month. Its strongest month on the record we hold was September 2023, at 4,011 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 STEWARD
- Who operates STEWARD?
- STEWARD is operated by Stroud Petroleum, Inc., Railroad Commission of Texas operator number 828082.
- Where is STEWARD?
- STEWARD is a Texas gas lease in Freestone County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 219852.
- Is STEWARD still producing?
- STEWARD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STEWARD is August 2026.
- How much has STEWARD produced?
- STEWARD has reported 835,487 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2006 and August 2026, from 1 wellbore.
- How much is STEWARD worth?
- The remaining production from STEWARD is estimated to be worth about $164K in total as of 27 August 2026, within a range of $136K to $192K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEWARD is a fraction of it. The estimate fits an Arps decline curve to the production STEWARD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEWARD is an estimate of value, not an offer and not an appraisal.
- How much income does STEWARD generate in a year?
- STEWARD is forecast to net about $25K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STEWARD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Stroud Petroleum, Inc. |
|---|---|
| Field | Nan-Su-Gail (CV Consolidated) |
| County | Freestone County, Texas |
| RRC district | 05 |
| Lease number | 219852 |
| Wellbores | 1 |
| Reported production | 835,487 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $164K |
Where STEWARD 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.