WORSHAM STEED UNIT
WORSHAM STEED UNIT is a Texas oil lease in Jack County, Railroad Commission district 09, operated by Texas Utilities Fuel Co. It has 129 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,121,936 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 $4.1M, with roughly $920K 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 1,321 barrels a month, about 10 per wellbore. Its strongest month on the record we hold was May 2016, at 6,710 barrels. 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 WORSHAM STEED UNIT
- Who operates WORSHAM STEED UNIT?
- WORSHAM STEED UNIT is operated by Texas Utilities Fuel Co., Railroad Commission of Texas operator number 848300.
- Where is WORSHAM STEED UNIT?
- WORSHAM STEED UNIT is a Texas oil lease in Jack County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 12474.
- Is WORSHAM STEED UNIT still producing?
- WORSHAM STEED UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WORSHAM STEED UNIT is August 2026.
- How much has WORSHAM STEED UNIT produced?
- WORSHAM STEED UNIT has reported 1,121,936 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 129 wellbores.
- How much is WORSHAM STEED UNIT worth?
- The remaining production from WORSHAM STEED UNIT is estimated to be worth about $4.1M in total as of 26 August 2026, within a range of $3.4M to $4.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WORSHAM STEED UNIT is a fraction of it. The estimate fits an Arps decline curve to the production WORSHAM STEED UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WORSHAM STEED UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does WORSHAM STEED UNIT generate in a year?
- WORSHAM STEED UNIT is forecast to net about $920K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WORSHAM STEED UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Texas Utilities Fuel Co. |
|---|---|
| Field | Worsham-Steed |
| County | Jack County, Texas |
| RRC district | 09 |
| Lease number | 12474 |
| Wellbores | 129 |
| Reported production | 1,121,936 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.1M |
Where WORSHAM STEED UNIT 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.