STEPP 110-1
STEPP 110-1 is a Texas oil lease in Hardeman County, Railroad Commission district 09, operated by Enserch Exploration, Inc. It has 1 wellbore on file with the Commission. Reported production runs from April 1995 to August 2026, totalling 945,063 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 $381K, with roughly $73K 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 105 barrels a month. Its strongest month on the record we hold was February 2017, at 506 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 STEPP 110-1
- Who operates STEPP 110-1?
- STEPP 110-1 is operated by Enserch Exploration, Inc, Railroad Commission of Texas operator number 253210.
- Where is STEPP 110-1?
- STEPP 110-1 is a Texas oil lease in Hardeman County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 28969.
- Is STEPP 110-1 still producing?
- STEPP 110-1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STEPP 110-1 is August 2026.
- How much has STEPP 110-1 produced?
- STEPP 110-1 has reported 945,063 barrels of oil (bbl) to the Railroad Commission of Texas between April 1995 and August 2026, from 1 wellbore.
- How much is STEPP 110-1 worth?
- The remaining production from STEPP 110-1 is estimated to be worth about $381K in total as of 27 August 2026, within a range of $297K to $465K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEPP 110-1 is a fraction of it. The estimate fits an Arps decline curve to the production STEPP 110-1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEPP 110-1 is an estimate of value, not an offer and not an appraisal.
- How much income does STEPP 110-1 generate in a year?
- STEPP 110-1 is forecast to net about $73K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STEPP 110-1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Enserch Exploration, Inc |
|---|---|
| Field | Stepp (Chappel) |
| County | Hardeman County, Texas |
| RRC district | 09 |
| Lease number | 28969 |
| Wellbores | 1 |
| Reported production | 945,063 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $381K |
Where STEPP 110-1 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.