ELIZABETH C
ELIZABETH C is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Summit Petroleum LLC. It has 1 wellbore on file with the Commission. Reported production runs from June 2016 to August 2026, totalling 217,702 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 $513K, with roughly $211K 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 277 barrels a month. Its strongest month on the record we hold was September 2016, at 15,555 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 ELIZABETH C
- Who operates ELIZABETH C?
- ELIZABETH C is operated by Summit Petroleum LLC, Railroad Commission of Texas operator number 829221.
- Where is ELIZABETH C?
- ELIZABETH C is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 19343.
- Is ELIZABETH C still producing?
- ELIZABETH C is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ELIZABETH C is August 2026.
- How much has ELIZABETH C produced?
- ELIZABETH C has reported 217,702 barrels of oil (bbl) to the Railroad Commission of Texas between June 2016 and August 2026, from 1 wellbore.
- How much is ELIZABETH C worth?
- The remaining production from ELIZABETH C is estimated to be worth about $513K in total as of 26 August 2026, within a range of $400K to $626K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ELIZABETH C is a fraction of it. The estimate fits an Arps decline curve to the production ELIZABETH C has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ELIZABETH C is an estimate of value, not an offer and not an appraisal.
- How much income does ELIZABETH C generate in a year?
- ELIZABETH C is forecast to net about $211K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ELIZABETH C receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Summit Petroleum LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 19343 |
| Wellbores | 1 |
| Reported production | 217,702 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $513K |
Where ELIZABETH C 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.