STEADMAN '11'
STEADMAN '11' is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by Petroplex Energy Inc. It has 1 wellbore on file with the Commission. Reported production runs from April 2013 to August 2026, totalling 6,355 barrels. The lease is intermittent. 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 $106K, with roughly $20K 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 21 barrels a month. Its strongest month on the record we hold was March 2026, at 126 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 STEADMAN '11'
- Who operates STEADMAN '11'?
- STEADMAN '11' is operated by Petroplex Energy Inc., Railroad Commission of Texas operator number 660886.
- Where is STEADMAN '11'?
- STEADMAN '11' is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70182.
- Is STEADMAN '11' still producing?
- STEADMAN '11' is intermittent. The most recent month of production reported to the Railroad Commission of Texas for STEADMAN '11' is August 2026.
- How much has STEADMAN '11' produced?
- STEADMAN '11' has reported 6,355 barrels of oil (bbl) to the Railroad Commission of Texas between April 2013 and August 2026, from 1 wellbore.
- How much is STEADMAN '11' worth?
- The remaining production from STEADMAN '11' is estimated to be worth about $106K in total as of 27 August 2026, within a range of $58K to $153K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEADMAN '11' is a fraction of it. The estimate fits an Arps decline curve to the production STEADMAN '11' has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEADMAN '11' is an estimate of value, not an offer and not an appraisal.
- How much income does STEADMAN '11' generate in a year?
- STEADMAN '11' is forecast to net about $20K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STEADMAN '11' receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Petroplex Energy Inc. |
|---|---|
| Field | Champmon (Clearfork) |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 70182 |
| Wellbores | 1 |
| Reported production | 6,355 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $106K |
Where STEADMAN '11' 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.