STEWART - MICHAEL UNIT
STEWART - MICHAEL UNIT is a Texas oil lease in Frio County, Railroad Commission district 01, operated by Ricochet Energy, Inc. It has 1 wellbore on file with the Commission. Reported production runs from November 2011 to August 2026, totalling 95,175 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 $811K, with roughly $156K 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 215 barrels a month. Its strongest month on the record we hold was September 2023, at 1,286 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 STEWART - MICHAEL UNIT
- Who operates STEWART - MICHAEL UNIT?
- STEWART - MICHAEL UNIT is operated by Ricochet Energy, Inc., Railroad Commission of Texas operator number 710549.
- Where is STEWART - MICHAEL UNIT?
- STEWART - MICHAEL UNIT is a Texas oil lease in Frio County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 16563.
- Is STEWART - MICHAEL UNIT still producing?
- STEWART - MICHAEL UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STEWART - MICHAEL UNIT is August 2026.
- How much has STEWART - MICHAEL UNIT produced?
- STEWART - MICHAEL UNIT has reported 95,175 barrels of oil (bbl) to the Railroad Commission of Texas between November 2011 and August 2026, from 1 wellbore.
- How much is STEWART - MICHAEL UNIT worth?
- The remaining production from STEWART - MICHAEL UNIT is estimated to be worth about $811K in total as of 26 August 2026, within a range of $633K to $990K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEWART - MICHAEL UNIT is a fraction of it. The estimate fits an Arps decline curve to the production STEWART - MICHAEL UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEWART - MICHAEL UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does STEWART - MICHAEL UNIT generate in a year?
- STEWART - MICHAEL UNIT is forecast to net about $156K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STEWART - MICHAEL UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ricochet Energy, Inc. |
|---|---|
| Field | Pearsall (Austin Chalk) |
| County | Frio County, Texas |
| RRC district | 01 |
| Lease number | 16563 |
| Wellbores | 1 |
| Reported production | 95,175 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $811K |
Where STEWART - MICHAEL 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.