STANLEY UNIT 48-01
STANLEY UNIT 48-01 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Surge Operating, LLC. It has 13 wellbores on file with the Commission. Reported production runs from January 2017 to August 2026, totalling 2,633,122 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 $16.3M, with roughly $7.3M 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 11,689 barrels a month, about 899 per wellbore. Its strongest month on the record we hold was July 2022, at 96,964 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 STANLEY UNIT 48-01
- Who operates STANLEY UNIT 48-01?
- STANLEY UNIT 48-01 is operated by Surge Operating, LLC, Railroad Commission of Texas operator number 760725.
- Where is STANLEY UNIT 48-01?
- STANLEY UNIT 48-01 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 48736.
- Is STANLEY UNIT 48-01 still producing?
- STANLEY UNIT 48-01 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STANLEY UNIT 48-01 is August 2026.
- How much has STANLEY UNIT 48-01 produced?
- STANLEY UNIT 48-01 has reported 2,633,122 barrels of oil (bbl) to the Railroad Commission of Texas between January 2017 and August 2026, from 13 wellbores.
- How much is STANLEY UNIT 48-01 worth?
- The remaining production from STANLEY UNIT 48-01 is estimated to be worth about $16.3M in total as of 26 August 2026, within a range of $13.4M to $19.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STANLEY UNIT 48-01 is a fraction of it. The estimate fits an Arps decline curve to the production STANLEY UNIT 48-01 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STANLEY UNIT 48-01 is an estimate of value, not an offer and not an appraisal.
- How much income does STANLEY UNIT 48-01 generate in a year?
- STANLEY UNIT 48-01 is forecast to net about $7.3M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STANLEY UNIT 48-01 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Surge Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 48736 |
| Wellbores | 13 |
| Reported production | 2,633,122 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $16.3M |
Where STANLEY UNIT 48-01 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.