MCELROY RANCH COMPANY 121
MCELROY RANCH COMPANY 121 is a Texas oil 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 June 2011 to August 2026, totalling 16,312 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 $130K, with roughly $21K 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 11 barrels a month. Its strongest month on the record we hold was July 2022, at 212 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 MCELROY RANCH COMPANY 121
- Who operates MCELROY RANCH COMPANY 121?
- MCELROY RANCH COMPANY 121 is operated by Chevron U. S. A. Inc., Railroad Commission of Texas operator number 148113.
- Where is MCELROY RANCH COMPANY 121?
- MCELROY RANCH COMPANY 121 is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 17957.
- Is MCELROY RANCH COMPANY 121 still producing?
- MCELROY RANCH COMPANY 121 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MCELROY RANCH COMPANY 121 is August 2026.
- How much has MCELROY RANCH COMPANY 121 produced?
- MCELROY RANCH COMPANY 121 has reported 16,312 barrels of oil (bbl) to the Railroad Commission of Texas between June 2011 and August 2026, from 1 wellbore.
- How much is MCELROY RANCH COMPANY 121 worth?
- The remaining production from MCELROY RANCH COMPANY 121 is estimated to be worth about $130K in total as of 27 August 2026, within a range of $71K to $188K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCELROY RANCH COMPANY 121 is a fraction of it. The estimate fits an Arps decline curve to the production MCELROY RANCH COMPANY 121 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 COMPANY 121 is an estimate of value, not an offer and not an appraisal.
- How much income does MCELROY RANCH COMPANY 121 generate in a year?
- MCELROY RANCH COMPANY 121 is forecast to net about $21K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MCELROY RANCH COMPANY 121 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chevron U. S. A. Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 17957 |
| Wellbores | 1 |
| Reported production | 16,312 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $130K |
Where MCELROY RANCH COMPANY 121 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.