STEINLE 15
STEINLE 15 is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by Triumph Exploration, Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 2015 to August 2026, totalling 81,998 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 $1.1M, with roughly $245K 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 360 barrels a month, about 180 per wellbore. Its strongest month on the record we hold was June 2016, at 1,098 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 15
- Who operates STEINLE 15?
- STEINLE 15 is operated by Triumph Exploration, Inc., Railroad Commission of Texas operator number 871156.
- Where is STEINLE 15?
- STEINLE 15 is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70305.
- Is STEINLE 15 still producing?
- STEINLE 15 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STEINLE 15 is August 2026.
- How much has STEINLE 15 produced?
- STEINLE 15 has reported 81,998 barrels of oil (bbl) to the Railroad Commission of Texas between January 2015 and August 2026, from 2 wellbores.
- How much is STEINLE 15 worth?
- The remaining production from STEINLE 15 is estimated to be worth about $1.1M in total as of 26 August 2026, within a range of $857K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEINLE 15 is a fraction of it. The estimate fits an Arps decline curve to the production STEINLE 15 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEINLE 15 is an estimate of value, not an offer and not an appraisal.
- How much income does STEINLE 15 generate in a year?
- STEINLE 15 is forecast to net about $245K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STEINLE 15 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Triumph Exploration, Inc. |
|---|---|
| Field | Tex-Mex, Se. (Wichita Albany) |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 70305 |
| Wellbores | 2 |
| Reported production | 81,998 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where STEINLE 15 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.