STEELE-YOUNG 2
STEELE-YOUNG 2 is a Texas gas lease in Hemphill County, Railroad Commission district 10, operated by Devon Energy Production Co, L.P. It has 1 wellbore on file with the Commission. Reported production runs from August 2011 to August 2026, totalling 1,822,646 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 $590K, with roughly $98K 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 3,407 thousand cubic feet a month. Its strongest month on the record we hold was October 2016, at 9,260 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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-YOUNG 2
- Who operates STEELE-YOUNG 2?
- STEELE-YOUNG 2 is operated by Devon Energy Production Co, L.P., Railroad Commission of Texas operator number 216378.
- Where is STEELE-YOUNG 2?
- STEELE-YOUNG 2 is a Texas gas lease in Hemphill County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 265958.
- Is STEELE-YOUNG 2 still producing?
- STEELE-YOUNG 2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STEELE-YOUNG 2 is August 2026.
- How much has STEELE-YOUNG 2 produced?
- STEELE-YOUNG 2 has reported 1,822,646 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2011 and August 2026, from 1 wellbore.
- How much is STEELE-YOUNG 2 worth?
- The remaining production from STEELE-YOUNG 2 is estimated to be worth about $590K in total as of 26 August 2026, within a range of $490K to $691K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEELE-YOUNG 2 is a fraction of it. The estimate fits an Arps decline curve to the production STEELE-YOUNG 2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEELE-YOUNG 2 is an estimate of value, not an offer and not an appraisal.
- How much income does STEELE-YOUNG 2 generate in a year?
- STEELE-YOUNG 2 is forecast to net about $98K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STEELE-YOUNG 2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Devon Energy Production Co, L.P. |
|---|---|
| Field | Allison Parks (Granite Wash) |
| County | Hemphill County, Texas |
| RRC district | 10 |
| Lease number | 265958 |
| Wellbores | 1 |
| Reported production | 1,822,646 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $590K |
Where STEELE-YOUNG 2 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.