TEXAS TWO STEP WC
TEXAS TWO STEP WC is a Texas gas lease in Culberson County, Railroad Commission district 08, operated by Conocophillips Company. It has 1 wellbore on file with the Commission. Reported production runs from February 2015 to August 2026, totalling 947,485 thousand cubic feet. The lease is intermittent. 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 $37K, with roughly $5K 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 95 thousand cubic feet a month. Its strongest month on the record we hold was July 2016, at 44,456 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 45% 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 TEXAS TWO STEP WC
- Who operates TEXAS TWO STEP WC?
- TEXAS TWO STEP WC is operated by Conocophillips Company, Railroad Commission of Texas operator number 172232.
- Where is TEXAS TWO STEP WC?
- TEXAS TWO STEP WC is a Texas gas lease in Culberson County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 279202.
- Is TEXAS TWO STEP WC still producing?
- TEXAS TWO STEP WC is intermittent. The most recent month of production reported to the Railroad Commission of Texas for TEXAS TWO STEP WC is August 2026.
- How much has TEXAS TWO STEP WC produced?
- TEXAS TWO STEP WC has reported 947,485 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2015 and August 2026, from 1 wellbore.
- How much is TEXAS TWO STEP WC worth?
- The remaining production from TEXAS TWO STEP WC is estimated to be worth about $37K in total as of 26 August 2026, within a range of $21K to $54K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TEXAS TWO STEP WC is a fraction of it. The estimate fits an Arps decline curve to the production TEXAS TWO STEP WC has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TEXAS TWO STEP WC is an estimate of value, not an offer and not an appraisal.
- How much income does TEXAS TWO STEP WC generate in a year?
- TEXAS TWO STEP WC is forecast to net about $5K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in TEXAS TWO STEP WC receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Conocophillips Company |
|---|---|
| Field | Ford, West (Wolfcamp) |
| County | Culberson County, Texas |
| RRC district | 08 |
| Lease number | 279202 |
| Wellbores | 1 |
| Reported production | 947,485 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $37K |
Where TEXAS TWO STEP WC 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.