STEED, CRAIG N.
STEED, CRAIG N. is a Texas oil lease in Smith County, Railroad Commission district 06, operated by Thor Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 95,895 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 $584K, with roughly $104K 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 105 barrels a month. Its strongest month on the record we hold was February 2019, at 295 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 STEED, CRAIG N.
- Who operates STEED, CRAIG N.?
- STEED, CRAIG N. is operated by Thor Operating Company, Railroad Commission of Texas operator number 856943.
- Where is STEED, CRAIG N.?
- STEED, CRAIG N. is a Texas oil lease in Smith County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 10916.
- Is STEED, CRAIG N. still producing?
- STEED, CRAIG N. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STEED, CRAIG N. is August 2026.
- How much has STEED, CRAIG N. produced?
- STEED, CRAIG N. has reported 95,895 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is STEED, CRAIG N. worth?
- The remaining production from STEED, CRAIG N. is estimated to be worth about $584K in total as of 26 August 2026, within a range of $455K to $712K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEED, CRAIG N. is a fraction of it. The estimate fits an Arps decline curve to the production STEED, CRAIG N. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEED, CRAIG N. is an estimate of value, not an offer and not an appraisal.
- How much income does STEED, CRAIG N. generate in a year?
- STEED, CRAIG N. is forecast to net about $104K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STEED, CRAIG N. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Thor Operating Company |
|---|---|
| Field | Driskell Lake (Rodessa) |
| County | Smith County, Texas |
| RRC district | 06 |
| Lease number | 10916 |
| Wellbores | 1 |
| Reported production | 95,895 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $584K |
Where STEED, CRAIG N. 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.