STEEPLES
STEEPLES is a Texas gas lease in Tarrant County, Railroad Commission district 09, operated by Vantage Fort Worth Energy LLC. It has 1 wellbore on file with the Commission. Reported production runs from May 2014 to August 2026, totalling 2,894,879 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 $1.2M, with roughly $181K 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 12,162 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 54,542 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 STEEPLES
- Who operates STEEPLES?
- STEEPLES is operated by Vantage Fort Worth Energy LLC, Railroad Commission of Texas operator number 882575.
- Where is STEEPLES?
- STEEPLES is a Texas gas lease in Tarrant County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 274209.
- Is STEEPLES still producing?
- STEEPLES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STEEPLES is August 2026.
- How much has STEEPLES produced?
- STEEPLES has reported 2,894,879 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2014 and August 2026, from 1 wellbore.
- How much is STEEPLES worth?
- The remaining production from STEEPLES is estimated to be worth about $1.2M in total as of 26 August 2026, within a range of $981K to $1.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEEPLES is a fraction of it. The estimate fits an Arps decline curve to the production STEEPLES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEEPLES is an estimate of value, not an offer and not an appraisal.
- How much income does STEEPLES generate in a year?
- STEEPLES is forecast to net about $181K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STEEPLES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Vantage Fort Worth Energy LLC |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Tarrant County, Texas |
| RRC district | 09 |
| Lease number | 274209 |
| Wellbores | 1 |
| Reported production | 2,894,879 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.2M |
Where STEEPLES 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.