Texas oil lease · RRC district 02 · Lease 02305
Shut inSTEED, J. E.
Steed, J. E. is an oil lease in Karnes County, Texas, operated by Welderxp Ltd. in the Burnell (Slick) field.
Oil lease dossier · 2 wells
- Operator
- Welderxp Ltd.
- County
- Karnes County
- Field
- Burnell (Slick)
- RRC lease
- 02-02305
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Where it sits
This county
- Oil in Jul 2026
- 0 bbl
- Reporting to the state
- since Jan 2020
- Wells
- 2
- Data through
- Jul 2026
Production
Month by month, from the state record
No production to chart
Gas disposition
Where the gas went
No gas disposition reported for this lease
Operator history
Who has run this lease
The operator changed once, most recently in Jan 2023
If your statements skip or shrink around a change, ask the new operator's owner relations department whether the month is in suspense.
- Welderxp Ltd. Jan 2023 to now
- Welder Exploration & Prod., Inc. Jan 2020 to Dec 2022
SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.
Wells
2 wells on this lease
| API number | Well no. | Status | Total depthft |
|---|---|---|---|
| 42-255-01142 | 2 C | Shut-in | – |
| 42-255-01156 | 5 | Active | – |
SourceTexas Railroad Commission Wellbore Query, district 02, lease 02305.
Who buys and gathers
Who moves and buys this lease's production
Oil
Genesis Crude Oil, L.p. gathers it.
100% of it, on the list since Jan 1, 2023
Companies that used to be listed: Boardwalk Field Services, LLC (gathers it, until Jan 1, 2023); Wilmar Pipelines, Inc. (buys it, until Jan 1, 2023); Gulfmark Energy, Inc. (gathers it, until Jan 1, 2023).
SourceRailroad Commission of Texas, Form P-4 file, dated Sep 24, 2026 (source). A listed company is authorised to move or buy the production; the state does not say what it paid.
Unit and wells
What the drilling permits say
- Wells on the permits
- 33 not plugged
- Horizontal
- 0
- First completion
- Apr 20, 1962
- Latest permit
- –
| API number | Well no. | Permit issued | Completed | Acreson the permit |
|---|---|---|---|---|
| 42-255-01142 | 2 C | – | Jan 12, 1984 | – |
| 42-255-01156 | 5 | – | Apr 20, 1962 | – |
| 42-255-80077 | 3 U | – | Jan 12, 1984 | – |
Estimator
Estimate your royalty for this lease
Estimator
What could your check be?
Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says STEED, J. E. sold each month.
For example 0.00097656, or a fraction like 1/1024.
Your estimate appears here
An estimate, not your check
Ledger
36 months, newest first
| Month | Oil producedbbl | Oil soldbbl | WTI$ per bbl | Henry Hub$ per MMBtu |
|---|---|---|---|---|
| Jul 2026Welderxp Ltd. | 0 | 0 | $80.46 | $2.89 |
| Jun 2026Welderxp Ltd. | 0 | 0 | $84.81 | $3.15 |
| May 2026Welderxp Ltd. | 0 | 0 | $102.13 | $2.94 |
| Apr 2026Welderxp Ltd. | 0 | 0 | $100.32 | $2.77 |
| Mar 2026Welderxp Ltd. | 0 | 0 | $91.38 | $3.04 |
| Feb 2026Welderxp Ltd. | 0 | 0 | $64.51 | $3.62 |
| Jan 2026Welderxp Ltd. | 0 | 0 | $60.04 | $7.72 |
| Dec 2025Welderxp Ltd. | 0 | 0 | $57.97 | $4.26 |
| Nov 2025Welderxp Ltd. | 0 | 0 | $60.06 | $3.79 |
| Oct 2025Welderxp Ltd. | 0 | 0 | $60.89 | $3.19 |
| Sep 2025Welderxp Ltd. | 0 | 0 | $63.96 | $2.97 |
| Aug 2025Welderxp Ltd. | 0 | 0 | $64.86 | $2.91 |
| Jul 2025Welderxp Ltd. | 0 | 0 | $68.39 | $3.20 |
| Jun 2025Welderxp Ltd. | 0 | 0 | $68.17 | $3.02 |
| May 2025Welderxp Ltd. | 0 | 0 | $62.17 | $3.12 |
| Apr 2025Welderxp Ltd. | 0 | 0 | $63.54 | $3.42 |
| Mar 2025Welderxp Ltd. | 0 | 0 | $68.24 | $4.12 |
| Feb 2025Welderxp Ltd. | 0 | 0 | $71.53 | $4.19 |
| Jan 2025Welderxp Ltd. | 0 | 0 | $75.74 | $4.13 |
| Dec 2024Welderxp Ltd. | 0 | 0 | $70.12 | $3.01 |
| Nov 2024Welderxp Ltd. | 0 | 0 | $69.95 | $2.12 |
| Oct 2024Welderxp Ltd. | 0 | 0 | $71.99 | $2.20 |
| Sep 2024Welderxp Ltd. | 0 | 0 | $70.24 | $2.28 |
| Aug 2024Welderxp Ltd. | 0 | 0 | $76.68 | $1.99 |
| Jul 2024Welderxp Ltd. | 0 | 0 | $81.80 | $2.07 |
| Jun 2024Welderxp Ltd. | 0 | 0 | $79.77 | $2.54 |
| May 2024Welderxp Ltd. | 0 | 0 | $80.02 | $2.12 |
| Apr 2024Welderxp Ltd. | 0 | 0 | $85.35 | $1.60 |
| Mar 2024Welderxp Ltd. | 0 | 0 | $81.28 | $1.49 |
| Feb 2024Welderxp Ltd. | 0 | 0 | $77.25 | $1.72 |
| Jan 2024Welderxp Ltd. | 0 | 0 | $74.15 | $3.18 |
| Dec 2023Welderxp Ltd. | 0 | 0 | $71.90 | $2.52 |
| Nov 2023Welderxp Ltd. | 0 | 0 | $77.69 | $2.71 |
| Oct 2023Welderxp Ltd. | 0 | 0 | $85.64 | $2.98 |
| Sep 2023Welderxp Ltd. | 0 | 0 | $89.43 | $2.64 |
| Aug 2023Welderxp Ltd. | 0 | 0 | $81.39 | $2.58 |
No report filed More than 3% of gas flared
SourceVolumes: Texas Railroad Commission Production Data Query, reported through Jul 2026. Prices: EIA WTI Cushing spot and Henry Hub spot, monthly, through Aug 2026. “Gas sold” is gas sent to a transmission line (code 2) or a plant (code 3).
Check your statements
Do your checks match this lease?
Upload your statements for STEED, J. E.. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Welderxp Ltd.
- A month that was never paid
- Your share of the barrels and mcf
- The price against WTI and Henry Hub
- Fees taken on gas
- Late payment interest
Around this lease
Walk the neighborhood
This lease belongs to
Welderxp Ltd. in Karnes County
No other producing leases from this operator in this county are in our data yet.
Burnell (Slick) field
- B. U. MAGNOLIA-INGRAM
25,258 mcf last 12 months
- B. U. LULING-BOYCE
4,286 mcf last 12 months
- LULING-BOYCE
4,599 mcf last 12 months
- B.U. PAN AMERICAN - RUHMAN
514 mcf last 12 months
Leases within 10 km
Found by the location of their wells.
- GIBSON, H.B.
140 bbl last 12 months · 1 km away
- GIBSON, H. B.
65 bbl last 12 months · 1.3 km away
- NPU (PORTER-5)
0 mcf last 12 months · 1.3 km away
- B. U.-STANOLIND-LYONS
53 mcf last 12 months · 1.5 km away
- B.U. UNION-NORTON-SPIELHAGEN
0 mcf last 12 months · 1.6 km away
Drilling permits within 10 km
TEAL #1
new drill · Suemaur Operating LLC · Bee County · 9.1 km away
Permit 0915106 · Apr 27, 2026
KOLINEK #1
new drill · Paloma Operating, LLC · Karnes County · 4.6 km away
Permit 0902700 · Sep 16, 2024
How to read this page
Questions owners ask
What is a decimal interest?
It is your share of the whole lease, written as a decimal. A 1/4 royalty on 5 net acres in a 1,280-acre unit is 1/4 × 5 ÷ 1,280 = 0.00097656. Your division order states yours.
How do I use this page to check a royalty check?
Take the “Oil sold” volume for the month the check covers and multiply it by your decimal. The answer should match the barrels on your statement. If it does not, upload the statement and we will show where the two differ.
Why is the newest month Jul 2026?
The Railroad Commission publishes production two to three months after the fact and revises recent months. We re-pull the latest three months on every update.
Does this page show what my check should be?
No. It shows what the state recorded. Prices, fees and taxes depend on your lease and on what your operator gets for the oil and gas. The estimator gives a ceiling to compare against.
Sources and method
Where these numbers come from
- Production and disposition by month: Texas Railroad Commission Production Data Query, oil lease 02305, district 02, reported through Jul 2026.
- Wells: Texas Railroad Commission Wellbore Query.
- Prices: U.S. Energy Information Administration, WTI Cushing spot and Henry Hub spot, monthly.
- Page updated Sep 28, 2026.
We show the state’s numbers as filed. Where the state has no report for a month, we say so instead of guessing.