A method of producing from a subterranean formation can include injecting steam into the formation, and then automatically opening at least one valve in response to the steam condensing. A well system can include a tubular string disposed in a wellbore, the tubular string including at least one valve, steam which flows from the wellbore into a formation surrounding the wellbore, and alternately flows from the formation into the wellbore as liquid water, and the valve opening automatically in response to presence of the liquid water in the wellbore.