MCELROY RANCH "138"
MCELROY RANCH "138" is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Mewbourne Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from December 2008 to August 2026, totalling 20,686 barrels. The lease is shut in. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $155, with roughly $23 expected over the next twelve months.
| Operator | Mewbourne Oil Company |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 16796 |
| Wellbores | 1 |
| Reported production | 20,686 bbl |
| First reported | December 2008 |
| Last reported | August 2026 |
| Estimated royalty value | $155 |
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.