STEINLE-PHILLIPS UNIT
STEINLE-PHILLIPS UNIT is a Texas oil lease in Atascosa County, Railroad Commission district 01, operated by Virtex Operating Company, Inc. It has 1 wellbore on file with the Commission. Reported production runs from December 2013 to August 2026, totalling 234,541 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 $1.9M, with roughly $416K 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 525 barrels a month. Its strongest month on the record we hold was May 2016, at 1,985 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 STEINLE-PHILLIPS UNIT
- Who operates STEINLE-PHILLIPS UNIT?
- STEINLE-PHILLIPS UNIT is operated by Virtex Operating Company, Inc., Railroad Commission of Texas operator number 886261.
- Where is STEINLE-PHILLIPS UNIT?
- STEINLE-PHILLIPS UNIT is a Texas oil lease in Atascosa County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 17571.
- Is STEINLE-PHILLIPS UNIT still producing?
- STEINLE-PHILLIPS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STEINLE-PHILLIPS UNIT is August 2026.
- How much has STEINLE-PHILLIPS UNIT produced?
- STEINLE-PHILLIPS UNIT has reported 234,541 barrels of oil (bbl) to the Railroad Commission of Texas between December 2013 and August 2026, from 1 wellbore.
- How much is STEINLE-PHILLIPS UNIT worth?
- The remaining production from STEINLE-PHILLIPS UNIT is estimated to be worth about $1.9M in total as of 27 August 2026, within a range of $1.5M to $2.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEINLE-PHILLIPS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production STEINLE-PHILLIPS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEINLE-PHILLIPS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does STEINLE-PHILLIPS UNIT generate in a year?
- STEINLE-PHILLIPS UNIT is forecast to net about $416K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STEINLE-PHILLIPS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Virtex Operating Company, Inc. |
|---|---|
| Field | Jourdanton (Buda) |
| County | Atascosa County, Texas |
| RRC district | 01 |
| Lease number | 17571 |
| Wellbores | 1 |
| Reported production | 234,541 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.9M |
Where STEINLE-PHILLIPS 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.