TEELE
TEELE is a Texas oil lease in Glasscock County, Railroad Commission district 08, operated by Snyder Oil Corporation. It has 4 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 178,271 barrels. The lease is shut in. 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 $3K, with roughly $628 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 0 barrels a month. Its strongest month on the record we hold was December 2016, at 642 barrels.
Key facts about TEELE
- Who operates TEELE?
- TEELE is operated by Snyder Oil Corporation, Railroad Commission of Texas operator number 799886.
- Where is TEELE?
- TEELE is a Texas oil lease in Glasscock County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 06501.
- Is TEELE still producing?
- TEELE is shut in. The most recent month of production reported to the Railroad Commission of Texas for TEELE is August 2026.
- How much has TEELE produced?
- TEELE has reported 178,271 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 4 wellbores.
- How much is TEELE worth?
- The remaining production from TEELE is estimated to be worth about $3K in total as of 27 August 2026. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TEELE is a fraction of it. The estimate fits an Arps decline curve to the production TEELE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TEELE is an estimate of value, not an offer and not an appraisal.
- How much income does TEELE generate in a year?
- TEELE is forecast to net about $628 across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in TEELE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Snyder Oil Corporation |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Glasscock County, Texas |
| RRC district | 08 |
| Lease number | 06501 |
| Wellbores | 4 |
| Reported production | 178,271 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3K |
Where TEELE 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.