STEELE
STEELE is a Texas oil lease in Harrison County, Railroad Commission district 06, operated by Winchester Production Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 50,838 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 $479K, with roughly $86K 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 77 barrels a month. Its strongest month on the record we hold was April 2026, at 255 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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
- Who operates STEELE?
- STEELE is operated by Winchester Production Company, Railroad Commission of Texas operator number 931352.
- Where is STEELE?
- STEELE is a Texas oil lease in Harrison County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 12826.
- Is STEELE still producing?
- STEELE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STEELE is August 2026.
- How much has STEELE produced?
- STEELE has reported 50,838 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is STEELE worth?
- The remaining production from STEELE is estimated to be worth about $479K in total as of 27 August 2026, within a range of $263K to $694K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEELE is a fraction of it. The estimate fits an Arps decline curve to the production STEELE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEELE is an estimate of value, not an offer and not an appraisal.
- How much income does STEELE generate in a year?
- STEELE is forecast to net about $86K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STEELE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Winchester Production Company |
|---|---|
| Field | Waskom (Travis Peak-Downer) |
| County | Harrison County, Texas |
| RRC district | 06 |
| Lease number | 12826 |
| Wellbores | 1 |
| Reported production | 50,838 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $479K |
Where STEELE 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.