MCELROY RANCH 129
MCELROY RANCH 129 is a Texas gas lease in Upton County, Railroad Commission district 7C, operated by Arco Permian. It has 1 wellbore on file with the Commission. Reported production runs from March 2000 to August 2026, totalling 3,776,834 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 $600K, with roughly $137K 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 4,900 thousand cubic feet a month. Its strongest month on the record we hold was July 2016, at 12,405 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 129
- Who operates MCELROY RANCH 129?
- MCELROY RANCH 129 is operated by Arco Permian, Railroad Commission of Texas operator number 029347.
- Where is MCELROY RANCH 129?
- MCELROY RANCH 129 is a Texas gas lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 177946.
- Is MCELROY RANCH 129 still producing?
- MCELROY RANCH 129 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MCELROY RANCH 129 is August 2026.
- How much has MCELROY RANCH 129 produced?
- MCELROY RANCH 129 has reported 3,776,834 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2000 and August 2026, from 1 wellbore.
- How much is MCELROY RANCH 129 worth?
- The remaining production from MCELROY RANCH 129 is estimated to be worth about $600K in total as of 26 August 2026, within a range of $498K to $702K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCELROY RANCH 129 is a fraction of it. The estimate fits an Arps decline curve to the production MCELROY RANCH 129 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 129 is an estimate of value, not an offer and not an appraisal.
- How much income does MCELROY RANCH 129 generate in a year?
- MCELROY RANCH 129 is forecast to net about $137K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MCELROY RANCH 129 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Arco Permian |
|---|---|
| Field | Wilshire (Consolidated) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 177946 |
| Wellbores | 1 |
| Reported production | 3,776,834 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $600K |
Where MCELROY RANCH 129 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.