STEELE GAS UNIT NO. 1
STEELE GAS UNIT NO. 1 is a Texas gas lease in Harrison County, Railroad Commission district 06, operated by Penn Virginia Oil & Gas, L.P. It has 1 wellbore on file with the Commission. Reported production runs from May 2009 to August 2026, totalling 2,276,146 thousand cubic feet. 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 $18K, 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 896 thousand cubic feet a month. Its strongest month on the record we hold was December 2022, at 28,786 thousand cubic feet. 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 STEELE GAS UNIT NO. 1
- Who operates STEELE GAS UNIT NO. 1?
- STEELE GAS UNIT NO. 1 is operated by Penn Virginia Oil & Gas, L.P., Railroad Commission of Texas operator number 651780.
- Where is STEELE GAS UNIT NO. 1?
- STEELE GAS UNIT NO. 1 is a Texas gas lease in Harrison County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 248831.
- Is STEELE GAS UNIT NO. 1 still producing?
- STEELE GAS UNIT NO. 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STEELE GAS UNIT NO. 1 is August 2026.
- How much has STEELE GAS UNIT NO. 1 produced?
- STEELE GAS UNIT NO. 1 has reported 2,276,146 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2009 and August 2026, from 1 wellbore.
- How much is STEELE GAS UNIT NO. 1 worth?
- The remaining production from STEELE GAS UNIT NO. 1 is estimated to be worth about $18K in total as of 27 August 2026, within a range of $14K to $22K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEELE GAS UNIT NO. 1 is a fraction of it. The estimate fits an Arps decline curve to the production STEELE GAS UNIT NO. 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEELE GAS UNIT NO. 1 is an estimate of value, not an offer and not an appraisal.
- How much income does STEELE GAS UNIT NO. 1 generate in a year?
- STEELE GAS UNIT NO. 1 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 GAS UNIT NO. 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Penn Virginia Oil & Gas, L.P. |
|---|---|
| Field | Carthage, North (Bossier Shale) |
| County | Harrison County, Texas |
| RRC district | 06 |
| Lease number | 248831 |
| Wellbores | 1 |
| Reported production | 2,276,146 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $18K |
Where STEELE GAS UNIT NO. 1 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.