STEWART -B-
STEWART -B- is a Texas oil lease in Sterling County, Railroad Commission district 08, operated by Enex Resources Corporation. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 23,154 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 $89K, with roughly $16K 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 18 barrels a month. Its strongest month on the record we hold was March 2023, at 150 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 STEWART -B-
- Who operates STEWART -B-?
- STEWART -B- is operated by Enex Resources Corporation, Railroad Commission of Texas operator number 252124.
- Where is STEWART -B-?
- STEWART -B- is a Texas oil lease in Sterling County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 32261.
- Is STEWART -B- still producing?
- STEWART -B- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STEWART -B- is August 2026.
- How much has STEWART -B- produced?
- STEWART -B- has reported 23,154 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is STEWART -B- worth?
- The remaining production from STEWART -B- is estimated to be worth about $89K in total as of 26 August 2026, within a range of $49K to $129K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEWART -B- is a fraction of it. The estimate fits an Arps decline curve to the production STEWART -B- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEWART -B- is an estimate of value, not an offer and not an appraisal.
- How much income does STEWART -B- generate in a year?
- STEWART -B- is forecast to net about $16K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STEWART -B- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Enex Resources Corporation |
|---|---|
| Field | Credo (Wolfcamp) |
| County | Sterling County, Texas |
| RRC district | 08 |
| Lease number | 32261 |
| Wellbores | 1 |
| Reported production | 23,154 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $89K |
Where STEWART -B- 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.