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 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 10,885 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 $58K, with roughly $11K 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 18 barrels a month. Its strongest month on the record we hold was May 2016, at 36 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 11465.
- 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 10,885 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is STORK-RICHARDS UNIT worth?
- The remaining production from STORK-RICHARDS UNIT is estimated to be worth about $58K in total as of 26 August 2026, within a range of $32K to $84K. 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 $11K 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 (Seg. C) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 11465 |
| Wellbores | 1 |
| Reported production | 10,885 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $58K |
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.