LONE STAR
LONE STAR is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Clear Water Inc. It has 4 wellbores on file with the Commission. Reported production runs from October 2009 to August 2026, totalling 258,343 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 $6.3M, with roughly $1.1M 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 902 barrels a month, about 225 per wellbore. Its strongest month on the record we hold was November 2022, at 2,588 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 LONE STAR
- Who operates LONE STAR?
- LONE STAR is operated by Clear Water Inc., Railroad Commission of Texas operator number 159643.
- Where is LONE STAR?
- LONE STAR is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40000.
- Is LONE STAR still producing?
- LONE STAR is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LONE STAR is August 2026.
- How much has LONE STAR produced?
- LONE STAR has reported 258,343 barrels of oil (bbl) to the Railroad Commission of Texas between October 2009 and August 2026, from 4 wellbores.
- How much is LONE STAR worth?
- The remaining production from LONE STAR is estimated to be worth about $6.3M in total as of 26 August 2026, within a range of $4.9M to $7.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LONE STAR is a fraction of it. The estimate fits an Arps decline curve to the production LONE STAR has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LONE STAR is an estimate of value, not an offer and not an appraisal.
- How much income does LONE STAR generate in a year?
- LONE STAR is forecast to net about $1.1M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LONE STAR receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Clear Water Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 40000 |
| Wellbores | 4 |
| Reported production | 258,343 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $6.3M |
Where LONE STAR 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.