STEEN
STEEN is a Texas gas lease in Sutton County, Railroad Commission district 7C, operated by Meridian Oil Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 274,109 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 $11K, with roughly $1K 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 56 thousand cubic feet a month. Its strongest month on the record we hold was November 2017, at 149 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 45% 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 STEEN
- Who operates STEEN?
- STEEN is operated by Meridian Oil Inc., Railroad Commission of Texas operator number 561132.
- Where is STEEN?
- STEEN is a Texas gas lease in Sutton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 055860.
- Is STEEN still producing?
- STEEN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STEEN is August 2026.
- How much has STEEN produced?
- STEEN has reported 274,109 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is STEEN worth?
- The remaining production from STEEN is estimated to be worth about $11K in total as of 26 August 2026, within a range of $6K to $16K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEEN is a fraction of it. The estimate fits an Arps decline curve to the production STEEN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEEN is an estimate of value, not an offer and not an appraisal.
- How much income does STEEN generate in a year?
- STEEN is forecast to net about $1K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STEEN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Meridian Oil Inc. |
|---|---|
| Field | Sonora (Canyon Upper) |
| County | Sutton County, Texas |
| RRC district | 7C |
| Lease number | 055860 |
| Wellbores | 1 |
| Reported production | 274,109 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $11K |
Where STEEN 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.