SUMMERLEE-STEPP
SUMMERLEE-STEPP is a Texas oil lease in Hardeman County, Railroad Commission district 09, operated by Cimarex Energy Co. It has 1 wellbore on file with the Commission. Reported production runs from July 2003 to August 2026, totalling 126,478 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 $421K, with roughly $81K 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 106 barrels a month. Its strongest month on the record we hold was July 2017, at 481 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 SUMMERLEE-STEPP
- Who operates SUMMERLEE-STEPP?
- SUMMERLEE-STEPP is operated by Cimarex Energy Co., Railroad Commission of Texas operator number 153438.
- Where is SUMMERLEE-STEPP?
- SUMMERLEE-STEPP is a Texas oil lease in Hardeman County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 30269.
- Is SUMMERLEE-STEPP still producing?
- SUMMERLEE-STEPP is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SUMMERLEE-STEPP is August 2026.
- How much has SUMMERLEE-STEPP produced?
- SUMMERLEE-STEPP has reported 126,478 barrels of oil (bbl) to the Railroad Commission of Texas between July 2003 and August 2026, from 1 wellbore.
- How much is SUMMERLEE-STEPP worth?
- The remaining production from SUMMERLEE-STEPP is estimated to be worth about $421K in total as of 26 August 2026, within a range of $329K to $514K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SUMMERLEE-STEPP is a fraction of it. The estimate fits an Arps decline curve to the production SUMMERLEE-STEPP has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SUMMERLEE-STEPP is an estimate of value, not an offer and not an appraisal.
- How much income does SUMMERLEE-STEPP generate in a year?
- SUMMERLEE-STEPP is forecast to net about $81K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SUMMERLEE-STEPP receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cimarex Energy Co. |
|---|---|
| Field | Stepp (Chappel) |
| County | Hardeman County, Texas |
| RRC district | 09 |
| Lease number | 30269 |
| Wellbores | 1 |
| Reported production | 126,478 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $421K |
Where SUMMERLEE-STEPP 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.