STEELE
STEELE is a Texas gas lease in Young County, Railroad Commission district 09, operated by Stovall Operating Co. It has 1 wellbore on file with the Commission. Reported production runs from October 2012 to August 2026, totalling 199,233 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 $96K, with roughly $20K 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 761 thousand cubic feet a month. Its strongest month on the record we hold was October 2021, at 2,108 thousand cubic feet. 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 STEELE
- Who operates STEELE?
- STEELE is operated by Stovall Operating Co., Railroad Commission of Texas operator number 824339.
- Where is STEELE?
- STEELE is a Texas gas lease in Young County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 267441.
- Is STEELE still producing?
- STEELE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STEELE is August 2026.
- How much has STEELE produced?
- STEELE has reported 199,233 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2012 and August 2026, from 1 wellbore.
- How much is STEELE worth?
- The remaining production from STEELE is estimated to be worth about $96K in total as of 26 August 2026, within a range of $75K to $117K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEELE is a fraction of it. The estimate fits an Arps decline curve to the production STEELE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEELE is an estimate of value, not an offer and not an appraisal.
- How much income does STEELE generate in a year?
- STEELE is forecast to net about $20K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STEELE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Stovall Operating Co. |
|---|---|
| Field | Young County Regular (Gas) |
| County | Young County, Texas |
| RRC district | 09 |
| Lease number | 267441 |
| Wellbores | 1 |
| Reported production | 199,233 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $96K |
Where STEELE 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.