SOUTHEAST WARD UNIT
SOUTHEAST WARD UNIT is a Texas oil lease in Stephens County, Railroad Commission district 7B, operated by Oryx Energy Company. It has 26 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 676,756 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 $2.6M, with roughly $591K 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 862 barrels a month, about 33 per wellbore. Its strongest month on the record we hold was April 2018, at 1,547 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 SOUTHEAST WARD UNIT
- Who operates SOUTHEAST WARD UNIT?
- SOUTHEAST WARD UNIT is operated by Oryx Energy Company, Railroad Commission of Texas operator number 627127.
- Where is SOUTHEAST WARD UNIT?
- SOUTHEAST WARD UNIT is a Texas oil lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 23519.
- Is SOUTHEAST WARD UNIT still producing?
- SOUTHEAST WARD UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SOUTHEAST WARD UNIT is August 2026.
- How much has SOUTHEAST WARD UNIT produced?
- SOUTHEAST WARD UNIT has reported 676,756 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 26 wellbores.
- How much is SOUTHEAST WARD UNIT worth?
- The remaining production from SOUTHEAST WARD UNIT is estimated to be worth about $2.6M in total as of 26 August 2026, within a range of $2.0M to $3.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SOUTHEAST WARD UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SOUTHEAST WARD UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SOUTHEAST WARD UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SOUTHEAST WARD UNIT generate in a year?
- SOUTHEAST WARD UNIT is forecast to net about $591K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SOUTHEAST WARD UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Oryx Energy Company |
|---|---|
| Field | Stephens County Regular |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 23519 |
| Wellbores | 26 |
| Reported production | 676,756 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.6M |
Where SOUTHEAST WARD 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.