MCELROY RANCH CO. 119
MCELROY RANCH CO. 119 is a Texas gas lease in Upton County, Railroad Commission district 7C, operated by Chevron U. S. A. Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 2,671,165 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 $287K, with roughly $46K 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 2,043 thousand cubic feet a month. Its strongest month on the record we hold was February 2024, at 4,511 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 MCELROY RANCH CO. 119
- Who operates MCELROY RANCH CO. 119?
- MCELROY RANCH CO. 119 is operated by Chevron U. S. A. Inc., Railroad Commission of Texas operator number 148113.
- Where is MCELROY RANCH CO. 119?
- MCELROY RANCH CO. 119 is a Texas gas lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 041563.
- Is MCELROY RANCH CO. 119 still producing?
- MCELROY RANCH CO. 119 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MCELROY RANCH CO. 119 is August 2026.
- How much has MCELROY RANCH CO. 119 produced?
- MCELROY RANCH CO. 119 has reported 2,671,165 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is MCELROY RANCH CO. 119 worth?
- The remaining production from MCELROY RANCH CO. 119 is estimated to be worth about $287K in total as of 26 August 2026, within a range of $238K to $336K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCELROY RANCH CO. 119 is a fraction of it. The estimate fits an Arps decline curve to the production MCELROY RANCH CO. 119 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MCELROY RANCH CO. 119 is an estimate of value, not an offer and not an appraisal.
- How much income does MCELROY RANCH CO. 119 generate in a year?
- MCELROY RANCH CO. 119 is forecast to net about $46K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MCELROY RANCH CO. 119 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chevron U. S. A. Inc. |
|---|---|
| Field | Wilshire (Devonian) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 041563 |
| Wellbores | 1 |
| Reported production | 2,671,165 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $287K |
Where MCELROY RANCH CO. 119 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.