STEPP 110
STEPP 110 is a Texas oil lease in Hardeman County, Railroad Commission district 09, operated by Dry Fork Production Co., LLC. It has 1 wellbore on file with the Commission. Reported production runs from April 2007 to August 2026, totalling 8,185 barrels. 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 $8K, with roughly $2K 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 2 barrels a month. Its strongest month on the record we hold was October 2024, at 42 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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
- Who operates STEPP 110?
- STEPP 110 is operated by Dry Fork Production Co., LLC, Railroad Commission of Texas operator number 229319.
- Where is STEPP 110?
- STEPP 110 is a Texas oil lease in Hardeman County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 31159.
- Is STEPP 110 still producing?
- STEPP 110 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for STEPP 110 is August 2026.
- How much has STEPP 110 produced?
- STEPP 110 has reported 8,185 barrels of oil (bbl) to the Railroad Commission of Texas between April 2007 and August 2026, from 1 wellbore.
- How much is STEPP 110 worth?
- The remaining production from STEPP 110 is estimated to be worth about $8K in total as of 26 August 2026, within a range of $0 to $17K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEPP 110 is a fraction of it. The estimate fits an Arps decline curve to the production STEPP 110 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 is an estimate of value, not an offer and not an appraisal.
- How much income does STEPP 110 generate in a year?
- STEPP 110 is forecast to net about $2K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STEPP 110 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Dry Fork Production Co., LLC |
|---|---|
| Field | Stepp (Chappel) |
| County | Hardeman County, Texas |
| RRC district | 09 |
| Lease number | 31159 |
| Wellbores | 1 |
| Reported production | 8,185 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $8K |
Where STEPP 110 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.