SPECKMAN, ELSIE
SPECKMAN, ELSIE is a Texas oil lease in Burleson County, Railroad Commission district 03, operated by Heartland Resources, Inc. It has 4 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 52,711 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 $264K, with roughly $50K 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 76 barrels a month, about 19 per wellbore. Its strongest month on the record we hold was August 2016, at 249 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 SPECKMAN, ELSIE
- Who operates SPECKMAN, ELSIE?
- SPECKMAN, ELSIE is operated by Heartland Resources, Inc., Railroad Commission of Texas operator number 370457.
- Where is SPECKMAN, ELSIE?
- SPECKMAN, ELSIE is a Texas oil lease in Burleson County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 11673.
- Is SPECKMAN, ELSIE still producing?
- SPECKMAN, ELSIE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPECKMAN, ELSIE is August 2026.
- How much has SPECKMAN, ELSIE produced?
- SPECKMAN, ELSIE has reported 52,711 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 4 wellbores.
- How much is SPECKMAN, ELSIE worth?
- The remaining production from SPECKMAN, ELSIE is estimated to be worth about $264K in total as of 26 August 2026, within a range of $145K to $383K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPECKMAN, ELSIE is a fraction of it. The estimate fits an Arps decline curve to the production SPECKMAN, ELSIE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPECKMAN, ELSIE is an estimate of value, not an offer and not an appraisal.
- How much income does SPECKMAN, ELSIE generate in a year?
- SPECKMAN, ELSIE is forecast to net about $50K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SPECKMAN, ELSIE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Heartland Resources, Inc. |
|---|---|
| Field | Chambers (Navarro) |
| County | Burleson County, Texas |
| RRC district | 03 |
| Lease number | 11673 |
| Wellbores | 4 |
| Reported production | 52,711 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $264K |
Where SPECKMAN, ELSIE 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.