MCKASKLE-STEWART UNIT
MCKASKLE-STEWART UNIT is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Terrace Petroleum Corporation. It has 2 wellbores on file with the Commission. Reported production runs from September 1999 to August 2026, totalling 193,238 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 $667K, with roughly $106K 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 87 barrels a month, about 44 per wellbore. Its strongest month on the record we hold was March 2019, at 451 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 MCKASKLE-STEWART UNIT
- Who operates MCKASKLE-STEWART UNIT?
- MCKASKLE-STEWART UNIT is operated by Terrace Petroleum Corporation, Railroad Commission of Texas operator number 843265.
- Where is MCKASKLE-STEWART UNIT?
- MCKASKLE-STEWART UNIT is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 36343.
- Is MCKASKLE-STEWART UNIT still producing?
- MCKASKLE-STEWART UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MCKASKLE-STEWART UNIT is August 2026.
- How much has MCKASKLE-STEWART UNIT produced?
- MCKASKLE-STEWART UNIT has reported 193,238 barrels of oil (bbl) to the Railroad Commission of Texas between September 1999 and August 2026, from 2 wellbores.
- How much is MCKASKLE-STEWART UNIT worth?
- The remaining production from MCKASKLE-STEWART UNIT is estimated to be worth about $667K in total as of 27 August 2026, within a range of $367K to $967K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCKASKLE-STEWART UNIT is a fraction of it. The estimate fits an Arps decline curve to the production MCKASKLE-STEWART UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MCKASKLE-STEWART UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does MCKASKLE-STEWART UNIT generate in a year?
- MCKASKLE-STEWART UNIT is forecast to net about $106K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MCKASKLE-STEWART UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Terrace Petroleum Corporation |
|---|---|
| Field | Bryant -G- (Devonian) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 36343 |
| Wellbores | 2 |
| Reported production | 193,238 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $667K |
Where MCKASKLE-STEWART 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.