PARADISE CITY 583
PARADISE CITY 583 is a Texas oil lease in Yoakum County, Railroad Commission district 8A, operated by Steward Energy II, LLC. It has 2 wellbores on file with the Commission. Reported production runs from August 2017 to August 2026, totalling 548,934 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 $7.4M, with roughly $1.9M 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 2,532 barrels a month, about 1,266 per wellbore. Its strongest month on the record we hold was September 2018, at 15,781 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 PARADISE CITY 583
- Who operates PARADISE CITY 583?
- PARADISE CITY 583 is operated by Steward Energy II, LLC, Railroad Commission of Texas operator number 819609.
- Where is PARADISE CITY 583?
- PARADISE CITY 583 is a Texas oil lease in Yoakum County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70675.
- Is PARADISE CITY 583 still producing?
- PARADISE CITY 583 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PARADISE CITY 583 is August 2026.
- How much has PARADISE CITY 583 produced?
- PARADISE CITY 583 has reported 548,934 barrels of oil (bbl) to the Railroad Commission of Texas between August 2017 and August 2026, from 2 wellbores.
- How much is PARADISE CITY 583 worth?
- The remaining production from PARADISE CITY 583 is estimated to be worth about $7.4M in total as of 27 August 2026, within a range of $6.1M to $8.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PARADISE CITY 583 is a fraction of it. The estimate fits an Arps decline curve to the production PARADISE CITY 583 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PARADISE CITY 583 is an estimate of value, not an offer and not an appraisal.
- How much income does PARADISE CITY 583 generate in a year?
- PARADISE CITY 583 is forecast to net about $1.9M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PARADISE CITY 583 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 | 70675 |
| Wellbores | 2 |
| Reported production | 548,934 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.4M |
Where PARADISE CITY 583 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.