SOUTH WARD
SOUTH WARD is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Piedra Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from September 2008 to August 2026, totalling 11,619 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 $108K, with roughly $21K 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 29 barrels a month. Its strongest month on the record we hold was June 2018, at 77 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 SOUTH WARD
- Who operates SOUTH WARD?
- SOUTH WARD is operated by Piedra Operating, LLC, Railroad Commission of Texas operator number 664930.
- Where is SOUTH WARD?
- SOUTH WARD is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 39228.
- Is SOUTH WARD still producing?
- SOUTH WARD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SOUTH WARD is August 2026.
- How much has SOUTH WARD produced?
- SOUTH WARD has reported 11,619 barrels of oil (bbl) to the Railroad Commission of Texas between September 2008 and August 2026, from 1 wellbore.
- How much is SOUTH WARD worth?
- The remaining production from SOUTH WARD is estimated to be worth about $108K in total as of 26 August 2026, within a range of $59K to $156K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SOUTH WARD is a fraction of it. The estimate fits an Arps decline curve to the production SOUTH WARD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SOUTH WARD is an estimate of value, not an offer and not an appraisal.
- How much income does SOUTH WARD generate in a year?
- SOUTH WARD is forecast to net about $21K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SOUTH WARD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Piedra Operating, LLC |
|---|---|
| Field | Ward, South |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 39228 |
| Wellbores | 1 |
| Reported production | 11,619 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $108K |
Where SOUTH WARD 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.