STEPHENS NO. 1 UNIT
STEPHENS NO. 1 UNIT is a Texas gas lease in Harrison County, Railroad Commission district 06, operated by Forest Oil Corporation. It has 1 wellbore on file with the Commission. Reported production runs from July 2007 to August 2026, totalling 1,147,251 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 $265K, with roughly $40K 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 2,182 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 4,990 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 STEPHENS NO. 1 UNIT
- Who operates STEPHENS NO. 1 UNIT?
- STEPHENS NO. 1 UNIT is operated by Forest Oil Corporation, Railroad Commission of Texas operator number 275740.
- Where is STEPHENS NO. 1 UNIT?
- STEPHENS NO. 1 UNIT is a Texas gas lease in Harrison County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 231637.
- Is STEPHENS NO. 1 UNIT still producing?
- STEPHENS NO. 1 UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STEPHENS NO. 1 UNIT is August 2026.
- How much has STEPHENS NO. 1 UNIT produced?
- STEPHENS NO. 1 UNIT has reported 1,147,251 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2007 and August 2026, from 1 wellbore.
- How much is STEPHENS NO. 1 UNIT worth?
- The remaining production from STEPHENS NO. 1 UNIT is estimated to be worth about $265K in total as of 26 August 2026, within a range of $220K to $310K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEPHENS NO. 1 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production STEPHENS NO. 1 UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEPHENS NO. 1 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does STEPHENS NO. 1 UNIT generate in a year?
- STEPHENS NO. 1 UNIT is forecast to net about $40K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STEPHENS NO. 1 UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Forest Oil Corporation |
|---|---|
| Field | Woodlawn (Cotton Valley) |
| County | Harrison County, Texas |
| RRC district | 06 |
| Lease number | 231637 |
| Wellbores | 1 |
| Reported production | 1,147,251 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $265K |
Where STEPHENS NO. 1 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.