ESTEP HEIRS
ESTEP HEIRS is a Texas oil lease in Live Oak County, Railroad Commission district 02, operated by Marquee Corporation. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 135,365 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 $392K, with roughly $75K 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 115 barrels a month, about 58 per wellbore. Its strongest month on the record we hold was April 2020, at 381 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 ESTEP HEIRS
- Who operates ESTEP HEIRS?
- ESTEP HEIRS is operated by Marquee Corporation, Railroad Commission of Texas operator number 526675.
- Where is ESTEP HEIRS?
- ESTEP HEIRS is a Texas oil lease in Live Oak County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 06887.
- Is ESTEP HEIRS still producing?
- ESTEP HEIRS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ESTEP HEIRS is August 2026.
- How much has ESTEP HEIRS produced?
- ESTEP HEIRS has reported 135,365 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is ESTEP HEIRS worth?
- The remaining production from ESTEP HEIRS is estimated to be worth about $392K in total as of 27 August 2026, within a range of $306K to $478K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ESTEP HEIRS is a fraction of it. The estimate fits an Arps decline curve to the production ESTEP HEIRS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ESTEP HEIRS is an estimate of value, not an offer and not an appraisal.
- How much income does ESTEP HEIRS generate in a year?
- ESTEP HEIRS is forecast to net about $75K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in ESTEP HEIRS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Marquee Corporation |
|---|---|
| Field | Clayton (Queen City -B-) |
| County | Live Oak County, Texas |
| RRC district | 02 |
| Lease number | 06887 |
| Wellbores | 2 |
| Reported production | 135,365 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $392K |
Where ESTEP HEIRS 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.