COUNCIL
COUNCIL is a Texas oil lease in Sterling County, Railroad Commission district 08, operated by Stanolind Production LLC. It has 21 wellbores on file with the Commission. Reported production runs from October 2019 to August 2026, totalling 8,926 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 $381K, with roughly $58K 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 47 barrels a month, about 2 per wellbore. Its strongest month on the record we hold was December 2022, at 345 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 COUNCIL
- Who operates COUNCIL?
- COUNCIL is operated by Stanolind Production LLC, Railroad Commission of Texas operator number 813985.
- Where is COUNCIL?
- COUNCIL is a Texas oil lease in Sterling County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 52525.
- Is COUNCIL still producing?
- COUNCIL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COUNCIL is August 2026.
- How much has COUNCIL produced?
- COUNCIL has reported 8,926 barrels of oil (bbl) to the Railroad Commission of Texas between October 2019 and August 2026, from 21 wellbores.
- How much is COUNCIL worth?
- The remaining production from COUNCIL is estimated to be worth about $381K in total as of 26 August 2026, within a range of $210K to $553K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COUNCIL is a fraction of it. The estimate fits an Arps decline curve to the production COUNCIL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COUNCIL is an estimate of value, not an offer and not an appraisal.
- How much income does COUNCIL generate in a year?
- COUNCIL is forecast to net about $58K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COUNCIL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Stanolind Production LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Sterling County, Texas |
| RRC district | 08 |
| Lease number | 52525 |
| Wellbores | 21 |
| Reported production | 8,926 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $381K |
Where COUNCIL 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.