STEELE, J. J.
STEELE, J. J. is a Texas gas lease in Hansford County, Railroad Commission district 10, operated by Pennzoil Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 603,522 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 $51K, with roughly $8K 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 335 thousand cubic feet a month. Its strongest month on the record we hold was June 2017, at 840 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 STEELE, J. J.
- Who operates STEELE, J. J.?
- STEELE, J. J. is operated by Pennzoil Petroleum Company, Railroad Commission of Texas operator number 652365.
- Where is STEELE, J. J.?
- STEELE, J. J. is a Texas gas lease in Hansford County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 073128.
- Is STEELE, J. J. still producing?
- STEELE, J. J. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STEELE, J. J. is August 2026.
- How much has STEELE, J. J. produced?
- STEELE, J. J. has reported 603,522 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is STEELE, J. J. worth?
- The remaining production from STEELE, J. J. is estimated to be worth about $51K in total as of 26 August 2026, within a range of $40K to $62K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEELE, J. J. is a fraction of it. The estimate fits an Arps decline curve to the production STEELE, J. J. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEELE, J. J. is an estimate of value, not an offer and not an appraisal.
- How much income does STEELE, J. J. generate in a year?
- STEELE, J. J. is forecast to net about $8K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STEELE, J. J. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pennzoil Petroleum Company |
|---|---|
| Field | Bernstein (Morrow, Upper) |
| County | Hansford County, Texas |
| RRC district | 10 |
| Lease number | 073128 |
| Wellbores | 1 |
| Reported production | 603,522 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $51K |
Where STEELE, J. J. 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.