STORK-RICHARDS UNIT
STORK-RICHARDS UNIT is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Ernest Operating Company. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 32,247 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 $174K, with roughly $34K 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 55 barrels a month, about 18 per wellbore. Its strongest month on the record we hold was May 2016, at 107 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 STORK-RICHARDS UNIT
- Who operates STORK-RICHARDS UNIT?
- STORK-RICHARDS UNIT is operated by Ernest Operating Company, Railroad Commission of Texas operator number 253480.
- Where is STORK-RICHARDS UNIT?
- STORK-RICHARDS UNIT is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 11312.
- Is STORK-RICHARDS UNIT still producing?
- STORK-RICHARDS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STORK-RICHARDS UNIT is August 2026.
- How much has STORK-RICHARDS UNIT produced?
- STORK-RICHARDS UNIT has reported 32,247 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is STORK-RICHARDS UNIT worth?
- The remaining production from STORK-RICHARDS UNIT is estimated to be worth about $174K in total as of 26 August 2026, within a range of $96K to $253K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STORK-RICHARDS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production STORK-RICHARDS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STORK-RICHARDS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does STORK-RICHARDS UNIT generate in a year?
- STORK-RICHARDS UNIT is forecast to net about $34K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STORK-RICHARDS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ernest Operating Company |
|---|---|
| Field | Noack Cow Herd, East (Navarro) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 11312 |
| Wellbores | 3 |
| Reported production | 32,247 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $174K |
Where STORK-RICHARDS 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.