STEIN "1023"
STEIN "1023" is a Texas oil lease in Ochiltree County, Railroad Commission district 10, operated by Mewbourne Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from October 2010 to August 2026, totalling 7,174 barrels. 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 $16K, with roughly $3K 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 4 barrels a month. Its strongest month on the record we hold was November 2018, at 60 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 STEIN "1023"
- Who operates STEIN "1023"?
- STEIN "1023" is operated by Mewbourne Oil Company, Railroad Commission of Texas operator number 562560.
- Where is STEIN "1023"?
- STEIN "1023" is a Texas oil lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08300.
- Is STEIN "1023" still producing?
- STEIN "1023" is intermittent. The most recent month of production reported to the Railroad Commission of Texas for STEIN "1023" is August 2026.
- How much has STEIN "1023" produced?
- STEIN "1023" has reported 7,174 barrels of oil (bbl) to the Railroad Commission of Texas between October 2010 and August 2026, from 1 wellbore.
- How much is STEIN "1023" worth?
- The remaining production from STEIN "1023" is estimated to be worth about $16K in total as of 26 August 2026, within a range of $0 to $32K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEIN "1023" is a fraction of it. The estimate fits an Arps decline curve to the production STEIN "1023" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEIN "1023" is an estimate of value, not an offer and not an appraisal.
- How much income does STEIN "1023" generate in a year?
- STEIN "1023" is forecast to net about $3K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STEIN "1023" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mewbourne Oil Company |
|---|---|
| Field | Allen-Parker (Marmaton) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 08300 |
| Wellbores | 1 |
| Reported production | 7,174 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $16K |
Where STEIN "1023" 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.