ELKTON GU 1
ELKTON GU 1 is a Texas gas lease in Smith County, Railroad Commission district 06, operated by Wagner, Duer & Co. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,211,380 thousand cubic feet. 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 $34K, with roughly $16K 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 1,336 thousand cubic feet a month. Its strongest month on the record we hold was March 2019, at 2,927 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 ELKTON GU 1
- Who operates ELKTON GU 1?
- ELKTON GU 1 is operated by Wagner, Duer & Co., Railroad Commission of Texas operator number 890990.
- Where is ELKTON GU 1?
- ELKTON GU 1 is a Texas gas lease in Smith County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 031510.
- Is ELKTON GU 1 still producing?
- ELKTON GU 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ELKTON GU 1 is August 2026.
- How much has ELKTON GU 1 produced?
- ELKTON GU 1 has reported 1,211,380 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is ELKTON GU 1 worth?
- The remaining production from ELKTON GU 1 is estimated to be worth about $34K in total as of 27 August 2026, within a range of $29K to $40K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ELKTON GU 1 is a fraction of it. The estimate fits an Arps decline curve to the production ELKTON GU 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ELKTON GU 1 is an estimate of value, not an offer and not an appraisal.
- How much income does ELKTON GU 1 generate in a year?
- ELKTON GU 1 is forecast to net about $16K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in ELKTON GU 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Wagner, Duer & Co. |
|---|---|
| Field | Tyler (Rodessa) |
| County | Smith County, Texas |
| RRC district | 06 |
| Lease number | 031510 |
| Wellbores | 1 |
| Reported production | 1,211,380 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $34K |
Where ELKTON GU 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.