STEWART 3
STEWART 3 is a Texas gas lease in Sutton County, Railroad Commission district 7C, operated by Highmount Expl & Prod Texas LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2007 to August 2026, totalling 282,767 thousand cubic feet. 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 $28K, with roughly $4K 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 185 thousand cubic feet a month. Its strongest month on the record we hold was May 2020, at 458 thousand cubic feet. 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 STEWART 3
- Who operates STEWART 3?
- STEWART 3 is operated by Highmount Expl & Prod Texas LLC, Railroad Commission of Texas operator number 385842.
- Where is STEWART 3?
- STEWART 3 is a Texas gas lease in Sutton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 236718.
- Is STEWART 3 still producing?
- STEWART 3 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for STEWART 3 is August 2026.
- How much has STEWART 3 produced?
- STEWART 3 has reported 282,767 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2007 and August 2026, from 1 wellbore.
- How much is STEWART 3 worth?
- The remaining production from STEWART 3 is estimated to be worth about $28K in total as of 26 August 2026, within a range of $22K to $34K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEWART 3 is a fraction of it. The estimate fits an Arps decline curve to the production STEWART 3 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEWART 3 is an estimate of value, not an offer and not an appraisal.
- How much income does STEWART 3 generate in a year?
- STEWART 3 is forecast to net about $4K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STEWART 3 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Highmount Expl & Prod Texas LLC |
|---|---|
| Field | Sawyer (Canyon) |
| County | Sutton County, Texas |
| RRC district | 7C |
| Lease number | 236718 |
| Wellbores | 1 |
| Reported production | 282,767 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $28K |
Where STEWART 3 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.