STEWART 1
STEWART 1 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Apache Corporation. It has 2 wellbores on file with the Commission. Reported production runs from November 2010 to August 2026, totalling 55,922 barrels. The lease is intermittent. 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 $222K, with roughly $43K 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 28 barrels a month, about 14 per wellbore. Its strongest month on the record we hold was November 2018, at 485 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 1
- Who operates STEWART 1?
- STEWART 1 is operated by Apache Corporation, Railroad Commission of Texas operator number 027200.
- Where is STEWART 1?
- STEWART 1 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40988.
- Is STEWART 1 still producing?
- STEWART 1 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for STEWART 1 is August 2026.
- How much has STEWART 1 produced?
- STEWART 1 has reported 55,922 barrels of oil (bbl) to the Railroad Commission of Texas between November 2010 and August 2026, from 2 wellbores.
- How much is STEWART 1 worth?
- The remaining production from STEWART 1 is estimated to be worth about $222K in total as of 26 August 2026, within a range of $122K to $322K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEWART 1 is a fraction of it. The estimate fits an Arps decline curve to the production STEWART 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEWART 1 is an estimate of value, not an offer and not an appraisal.
- How much income does STEWART 1 generate in a year?
- STEWART 1 is forecast to net about $43K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STEWART 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apache Corporation |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 40988 |
| Wellbores | 2 |
| Reported production | 55,922 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $222K |
Where STEWART 1 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.