STECK UNIT NO. 1
STECK UNIT NO. 1 is a Texas oil lease in Burleson County, Railroad Commission district 03, operated by Exxon Corp. It has 3 wellbores on file with the Commission. Reported production runs from July 1995 to August 2026, totalling 455,275 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 $1.6M, with roughly $392K 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 464 barrels a month, about 155 per wellbore. Its strongest month on the record we hold was October 2021, at 1,022 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 STECK UNIT NO. 1
- Who operates STECK UNIT NO. 1?
- STECK UNIT NO. 1 is operated by Exxon Corp., Railroad Commission of Texas operator number 257097.
- Where is STECK UNIT NO. 1?
- STECK UNIT NO. 1 is a Texas oil lease in Burleson County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 22811.
- Is STECK UNIT NO. 1 still producing?
- STECK UNIT NO. 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STECK UNIT NO. 1 is August 2026.
- How much has STECK UNIT NO. 1 produced?
- STECK UNIT NO. 1 has reported 455,275 barrels of oil (bbl) to the Railroad Commission of Texas between July 1995 and August 2026, from 3 wellbores.
- How much is STECK UNIT NO. 1 worth?
- The remaining production from STECK UNIT NO. 1 is estimated to be worth about $1.6M in total as of 27 August 2026, within a range of $1.2M to $2.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STECK UNIT NO. 1 is a fraction of it. The estimate fits an Arps decline curve to the production STECK UNIT NO. 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STECK UNIT NO. 1 is an estimate of value, not an offer and not an appraisal.
- How much income does STECK UNIT NO. 1 generate in a year?
- STECK UNIT NO. 1 is forecast to net about $392K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STECK UNIT NO. 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Exxon Corp. |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Burleson County, Texas |
| RRC district | 03 |
| Lease number | 22811 |
| Wellbores | 3 |
| Reported production | 455,275 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.6M |
Where STECK UNIT NO. 1 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.