LEWIS-STUART C3 UNIT
LEWIS-STUART C3 UNIT is a Texas oil lease in Montague County, Railroad Commission district 09, operated by U.S. Energy Development Corp. It has 1 wellbore on file with the Commission. Reported production runs from July 2014 to August 2026, totalling 15,242 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 $658K, with roughly $88K 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 17 barrels a month. Its strongest month on the record we hold was November 2024, at 173 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 LEWIS-STUART C3 UNIT
- Who operates LEWIS-STUART C3 UNIT?
- LEWIS-STUART C3 UNIT is operated by U.S. Energy Development Corp, Railroad Commission of Texas operator number 875462.
- Where is LEWIS-STUART C3 UNIT?
- LEWIS-STUART C3 UNIT is a Texas oil lease in Montague County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 33371.
- Is LEWIS-STUART C3 UNIT still producing?
- LEWIS-STUART C3 UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LEWIS-STUART C3 UNIT is August 2026.
- How much has LEWIS-STUART C3 UNIT produced?
- LEWIS-STUART C3 UNIT has reported 15,242 barrels of oil (bbl) to the Railroad Commission of Texas between July 2014 and August 2026, from 1 wellbore.
- How much is LEWIS-STUART C3 UNIT worth?
- The remaining production from LEWIS-STUART C3 UNIT is estimated to be worth about $658K in total as of 27 August 2026, within a range of $362K to $954K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LEWIS-STUART C3 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production LEWIS-STUART C3 UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LEWIS-STUART C3 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does LEWIS-STUART C3 UNIT generate in a year?
- LEWIS-STUART C3 UNIT is forecast to net about $88K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in LEWIS-STUART C3 UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | U.S. Energy Development Corp |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Montague County, Texas |
| RRC district | 09 |
| Lease number | 33371 |
| Wellbores | 1 |
| Reported production | 15,242 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $658K |
Where LEWIS-STUART C3 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.