STEAMWORKS
STEAMWORKS is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Resolute Natural Res. Co., LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2014 to August 2026, totalling 1,045,632 thousand cubic feet. 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 $1.5M, with roughly $338K 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 2,871 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 11,758 thousand cubic feet. 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 STEAMWORKS
- Who operates STEAMWORKS?
- STEAMWORKS is operated by Resolute Natural Res. Co., LLC, Railroad Commission of Texas operator number 703352.
- Where is STEAMWORKS?
- STEAMWORKS is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 284503.
- Is STEAMWORKS still producing?
- STEAMWORKS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STEAMWORKS is August 2026.
- How much has STEAMWORKS produced?
- STEAMWORKS has reported 1,045,632 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2014 and August 2026, from 1 wellbore.
- How much is STEAMWORKS worth?
- The remaining production from STEAMWORKS is estimated to be worth about $1.5M in total as of 27 August 2026, within a range of $1.2M to $1.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEAMWORKS is a fraction of it. The estimate fits an Arps decline curve to the production STEAMWORKS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEAMWORKS is an estimate of value, not an offer and not an appraisal.
- How much income does STEAMWORKS generate in a year?
- STEAMWORKS is forecast to net about $338K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STEAMWORKS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Resolute Natural Res. Co., LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 284503 |
| Wellbores | 1 |
| Reported production | 1,045,632 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.5M |
Where STEAMWORKS 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.