WINDHAM "4"
WINDHAM "4" is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Stephens, Autry C. It has 5 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 390,114 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 $642K, with roughly $145K 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 256 barrels a month, about 51 per wellbore. Its strongest month on the record we hold was February 2017, at 612 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 WINDHAM "4"
- Who operates WINDHAM "4"?
- WINDHAM "4" is operated by Stephens, Autry C., Railroad Commission of Texas operator number 817550.
- Where is WINDHAM "4"?
- WINDHAM "4" is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 33574.
- Is WINDHAM "4" still producing?
- WINDHAM "4" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WINDHAM "4" is August 2026.
- How much has WINDHAM "4" produced?
- WINDHAM "4" has reported 390,114 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 5 wellbores.
- How much is WINDHAM "4" worth?
- The remaining production from WINDHAM "4" is estimated to be worth about $642K in total as of 27 August 2026, within a range of $501K to $784K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WINDHAM "4" is a fraction of it. The estimate fits an Arps decline curve to the production WINDHAM "4" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WINDHAM "4" is an estimate of value, not an offer and not an appraisal.
- How much income does WINDHAM "4" generate in a year?
- WINDHAM "4" is forecast to net about $145K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WINDHAM "4" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Stephens, Autry C. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 33574 |
| Wellbores | 5 |
| Reported production | 390,114 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $642K |
Where WINDHAM "4" 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.