STEELE, J.I. -B-
STEELE, J.I. -B- is a Texas oil lease in Hansford County, Railroad Commission district 10, operated by Enterra Resources, LLC. It has 1 wellbore on file with the Commission. Reported production runs from January 2016 to August 2026, totalling 3,119 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 $45K, with roughly $7K 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 7 barrels a month. Its strongest month on the record we hold was April 2025, at 200 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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, J.I. -B-
- Who operates STEELE, J.I. -B-?
- STEELE, J.I. -B- is operated by Enterra Resources, LLC, Railroad Commission of Texas operator number 253401.
- Where is STEELE, J.I. -B-?
- STEELE, J.I. -B- is a Texas oil lease in Hansford County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 09534.
- Is STEELE, J.I. -B- still producing?
- STEELE, J.I. -B- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STEELE, J.I. -B- is August 2026.
- How much has STEELE, J.I. -B- produced?
- STEELE, J.I. -B- has reported 3,119 barrels of oil (bbl) to the Railroad Commission of Texas between January 2016 and August 2026, from 1 wellbore.
- How much is STEELE, J.I. -B- worth?
- The remaining production from STEELE, J.I. -B- is estimated to be worth about $45K in total as of 27 August 2026, within a range of $0 to $90K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEELE, J.I. -B- is a fraction of it. The estimate fits an Arps decline curve to the production STEELE, J.I. -B- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEELE, J.I. -B- is an estimate of value, not an offer and not an appraisal.
- How much income does STEELE, J.I. -B- generate in a year?
- STEELE, J.I. -B- is forecast to net about $7K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STEELE, J.I. -B- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Enterra Resources, LLC |
|---|---|
| Field | Spearman,N.(Lansing-Kansas City) |
| County | Hansford County, Texas |
| RRC district | 10 |
| Lease number | 09534 |
| Wellbores | 1 |
| Reported production | 3,119 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $45K |
Where STEELE, J.I. -B- 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.