STEEPLE 0 '5'
STEEPLE 0 '5' is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Williams Oil Company. It has 3 wellbores on file with the Commission. Reported production runs from November 2016 to August 2026, totalling 107,005 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 $1.3M, with roughly $339K 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 463 barrels a month, about 154 per wellbore. Its strongest month on the record we hold was August 2017, at 3,791 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 STEEPLE 0 '5'
- Who operates STEEPLE 0 '5'?
- STEEPLE 0 '5' is operated by Williams Oil Company, Railroad Commission of Texas operator number 925440.
- Where is STEEPLE 0 '5'?
- STEEPLE 0 '5' is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 48310.
- Is STEEPLE 0 '5' still producing?
- STEEPLE 0 '5' is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STEEPLE 0 '5' is August 2026.
- How much has STEEPLE 0 '5' produced?
- STEEPLE 0 '5' has reported 107,005 barrels of oil (bbl) to the Railroad Commission of Texas between November 2016 and August 2026, from 3 wellbores.
- How much is STEEPLE 0 '5' worth?
- The remaining production from STEEPLE 0 '5' is estimated to be worth about $1.3M in total as of 26 August 2026, within a range of $1.0M to $1.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEEPLE 0 '5' is a fraction of it. The estimate fits an Arps decline curve to the production STEEPLE 0 '5' has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEEPLE 0 '5' is an estimate of value, not an offer and not an appraisal.
- How much income does STEEPLE 0 '5' generate in a year?
- STEEPLE 0 '5' is forecast to net about $339K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STEEPLE 0 '5' receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Williams Oil Company |
|---|---|
| Field | Janelle, Se. (Tubb) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 48310 |
| Wellbores | 3 |
| Reported production | 107,005 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.3M |
Where STEEPLE 0 '5' 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.