STEEL
STEEL is a Texas gas lease in Sherman County, Railroad Commission district 10, operated by Taylor, Gordon Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from August 1994 to August 2026, totalling 852,738 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 $7K, with roughly $4K 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 310 thousand cubic feet a month. Its strongest month on the record we hold was August 2016, at 1,987 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 STEEL
- Who operates STEEL?
- STEEL is operated by Taylor, Gordon Oil Company, Railroad Commission of Texas operator number 837700.
- Where is STEEL?
- STEEL is a Texas gas lease in Sherman County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 150984.
- Is STEEL still producing?
- STEEL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STEEL is August 2026.
- How much has STEEL produced?
- STEEL has reported 852,738 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 1994 and August 2026, from 1 wellbore.
- How much is STEEL worth?
- The remaining production from STEEL is estimated to be worth about $7K in total as of 26 August 2026, within a range of $5K to $9K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEEL is a fraction of it. The estimate fits an Arps decline curve to the production STEEL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEEL is an estimate of value, not an offer and not an appraisal.
- How much income does STEEL generate in a year?
- STEEL is forecast to net about $4K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STEEL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Taylor, Gordon Oil Company |
|---|---|
| Field | Texas Hugoton |
| County | Sherman County, Texas |
| RRC district | 10 |
| Lease number | 150984 |
| Wellbores | 1 |
| Reported production | 852,738 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $7K |
Where STEEL 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.