NUTSHELL 403
NUTSHELL 403 is a Texas oil lease in Yoakum County, Railroad Commission district 8A, operated by Steward Energy II, LLC. It has 3 wellbores on file with the Commission. Reported production runs from October 2022 to August 2026, totalling 559,430 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 $10.5M, with roughly $3.2M 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 5,204 barrels a month, about 1,735 per wellbore. Its strongest month on the record we hold was October 2022, at 42,230 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 NUTSHELL 403
- Who operates NUTSHELL 403?
- NUTSHELL 403 is operated by Steward Energy II, LLC, Railroad Commission of Texas operator number 819609.
- Where is NUTSHELL 403?
- NUTSHELL 403 is a Texas oil lease in Yoakum County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 71298.
- Is NUTSHELL 403 still producing?
- NUTSHELL 403 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NUTSHELL 403 is August 2026.
- How much has NUTSHELL 403 produced?
- NUTSHELL 403 has reported 559,430 barrels of oil (bbl) to the Railroad Commission of Texas between October 2022 and August 2026, from 3 wellbores.
- How much is NUTSHELL 403 worth?
- The remaining production from NUTSHELL 403 is estimated to be worth about $10.5M in total as of 26 August 2026, within a range of $8.7M to $12.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NUTSHELL 403 is a fraction of it. The estimate fits an Arps decline curve to the production NUTSHELL 403 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NUTSHELL 403 is an estimate of value, not an offer and not an appraisal.
- How much income does NUTSHELL 403 generate in a year?
- NUTSHELL 403 is forecast to net about $3.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NUTSHELL 403 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Steward Energy II, LLC |
|---|---|
| Field | Platang (San Andres) |
| County | Yoakum County, Texas |
| RRC district | 8A |
| Lease number | 71298 |
| Wellbores | 3 |
| Reported production | 559,430 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $10.5M |
Where NUTSHELL 403 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.