STEELE-COLLARD
STEELE-COLLARD is a Texas oil lease in Hansford County, Railroad Commission district 10, operated by Merex Resources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from June 2004 to August 2026, totalling 30,074 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 $315K, with roughly $59K 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 73 barrels a month. Its strongest month on the record we hold was July 2022, at 349 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-COLLARD
- Who operates STEELE-COLLARD?
- STEELE-COLLARD is operated by Merex Resources, Inc., Railroad Commission of Texas operator number 560930.
- Where is STEELE-COLLARD?
- STEELE-COLLARD is a Texas oil lease in Hansford County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 07510.
- Is STEELE-COLLARD still producing?
- STEELE-COLLARD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STEELE-COLLARD is August 2026.
- How much has STEELE-COLLARD produced?
- STEELE-COLLARD has reported 30,074 barrels of oil (bbl) to the Railroad Commission of Texas between June 2004 and August 2026, from 1 wellbore.
- How much is STEELE-COLLARD worth?
- The remaining production from STEELE-COLLARD is estimated to be worth about $315K in total as of 26 August 2026, within a range of $174K to $457K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEELE-COLLARD is a fraction of it. The estimate fits an Arps decline curve to the production STEELE-COLLARD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEELE-COLLARD is an estimate of value, not an offer and not an appraisal.
- How much income does STEELE-COLLARD generate in a year?
- STEELE-COLLARD is forecast to net about $59K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STEELE-COLLARD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Merex Resources, Inc. |
|---|---|
| Field | Spearman, East (Cherokee) |
| County | Hansford County, Texas |
| RRC district | 10 |
| Lease number | 07510 |
| Wellbores | 1 |
| Reported production | 30,074 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $315K |
Where STEELE-COLLARD 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.