STERLING C
STERLING C is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Hibernia Resources IV, LLC. It has 1 wellbore on file with the Commission. Reported production runs from December 2025 to August 2026, totalling 118,222 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 $50.2M, with roughly $11.3M 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 19,526 barrels a month. Its strongest month on the record we hold was March 2026, at 26,587 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 STERLING C
- Who operates STERLING C?
- STERLING C is operated by Hibernia Resources IV, LLC, Railroad Commission of Texas operator number 101969.
- Where is STERLING C?
- STERLING C is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 64569.
- Is STERLING C still producing?
- STERLING C is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STERLING C is August 2026.
- How much has STERLING C produced?
- STERLING C has reported 118,222 barrels of oil (bbl) to the Railroad Commission of Texas between December 2025 and August 2026, from 1 wellbore.
- How much is STERLING C worth?
- The remaining production from STERLING C is estimated to be worth about $50.2M in total as of 27 August 2026, within a range of $41.2M to $59.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STERLING C is a fraction of it. The estimate fits an Arps decline curve to the production STERLING C has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STERLING C is an estimate of value, not an offer and not an appraisal.
- How much income does STERLING C generate in a year?
- STERLING C is forecast to net about $11.3M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STERLING C receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Hibernia Resources IV, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 64569 |
| Wellbores | 1 |
| Reported production | 118,222 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $50.2M |
Where STERLING C 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.