STEEN UNIT
STEEN UNIT is a Texas oil lease in Gonzales County, Railroad Commission district 01, operated by Eog Resources, Inc. It has 5 wellbores on file with the Commission. Reported production runs from June 2011 to August 2026, totalling 685,249 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 $988K, with roughly $403K 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 684 barrels a month, about 137 per wellbore. Its strongest month on the record we hold was September 2020, at 3,327 barrels. 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 STEEN UNIT
- Who operates STEEN UNIT?
- STEEN UNIT is operated by Eog Resources, Inc., Railroad Commission of Texas operator number 253162.
- Where is STEEN UNIT?
- STEEN UNIT is a Texas oil lease in Gonzales County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 15480.
- Is STEEN UNIT still producing?
- STEEN UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STEEN UNIT is August 2026.
- How much has STEEN UNIT produced?
- STEEN UNIT has reported 685,249 barrels of oil (bbl) to the Railroad Commission of Texas between June 2011 and August 2026, from 5 wellbores.
- How much is STEEN UNIT worth?
- The remaining production from STEEN UNIT is estimated to be worth about $988K in total as of 26 August 2026, within a range of $771K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEEN UNIT is a fraction of it. The estimate fits an Arps decline curve to the production STEEN UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEEN UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does STEEN UNIT generate in a year?
- STEEN UNIT is forecast to net about $403K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STEEN UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Eog Resources, Inc. |
|---|---|
| Field | Eagleville (Eagle Ford-1) |
| County | Gonzales County, Texas |
| RRC district | 01 |
| Lease number | 15480 |
| Wellbores | 5 |
| Reported production | 685,249 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $988K |
Where STEEN UNIT 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.