STEWART
STEWART is a Texas gas lease in Madison County, Railroad Commission district 06, operated by Burk Royalty Co., Ltd. It has 1 wellbore on file with the Commission. Reported production runs from September 2017 to August 2026, totalling 74,993 thousand cubic feet. 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 $370K, with roughly $70K 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 91 thousand cubic feet a month. Its strongest month on the record we hold was October 2017, at 9,356 thousand cubic feet. 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
- Who operates STEWART?
- STEWART is operated by Burk Royalty Co., Ltd., Railroad Commission of Texas operator number 108799.
- Where is STEWART?
- STEWART is a Texas gas lease in Madison County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 284263.
- Is STEWART still producing?
- STEWART is intermittent. The most recent month of production reported to the Railroad Commission of Texas for STEWART is August 2026.
- How much has STEWART produced?
- STEWART has reported 74,993 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2017 and August 2026, from 1 wellbore.
- How much is STEWART worth?
- The remaining production from STEWART is estimated to be worth about $370K in total as of 26 August 2026, within a range of $203K to $536K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEWART is a fraction of it. The estimate fits an Arps decline curve to the production STEWART has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEWART is an estimate of value, not an offer and not an appraisal.
- How much income does STEWART generate in a year?
- STEWART is forecast to net about $70K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STEWART receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Burk Royalty Co., Ltd. |
|---|---|
| Field | Eastham State Farm (Glenrose) |
| County | Madison County, Texas |
| RRC district | 06 |
| Lease number | 284263 |
| Wellbores | 1 |
| Reported production | 74,993 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $370K |
Where STEWART 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.