TEXAS TWO STEP
TEXAS TWO STEP is a Texas oil lease in Gonzales County, Railroad Commission district 01, operated by Modern Exploration, Inc. It has 1 wellbore on file with the Commission. Reported production runs from December 2010 to August 2026, totalling 59,044 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 $295K, with roughly $57K 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 75 barrels a month. Its strongest month on the record we hold was December 2018, at 659 barrels. 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
- Who operates TEXAS TWO STEP?
- TEXAS TWO STEP is operated by Modern Exploration, Inc., Railroad Commission of Texas operator number 573226.
- Where is TEXAS TWO STEP?
- TEXAS TWO STEP is a Texas oil lease in Gonzales County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 15272.
- Is TEXAS TWO STEP still producing?
- TEXAS TWO STEP is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TEXAS TWO STEP is August 2026.
- How much has TEXAS TWO STEP produced?
- TEXAS TWO STEP has reported 59,044 barrels of oil (bbl) to the Railroad Commission of Texas between December 2010 and August 2026, from 1 wellbore.
- How much is TEXAS TWO STEP worth?
- The remaining production from TEXAS TWO STEP is estimated to be worth about $295K in total as of 26 August 2026, within a range of $162K to $427K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TEXAS TWO STEP is a fraction of it. The estimate fits an Arps decline curve to the production TEXAS TWO STEP 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 is an estimate of value, not an offer and not an appraisal.
- How much income does TEXAS TWO STEP generate in a year?
- TEXAS TWO STEP is forecast to net about $57K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in TEXAS TWO STEP receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Modern Exploration, Inc. |
|---|---|
| Field | Eagleville (Eagle Ford-1) |
| County | Gonzales County, Texas |
| RRC district | 01 |
| Lease number | 15272 |
| Wellbores | 1 |
| Reported production | 59,044 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $295K |
Where TEXAS TWO STEP 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.