ELWOOD 16 AND 21
ELWOOD 16 AND 21 is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Parsley Energy Operations, LLC. It has 1 wellbore on file with the Commission. Reported production runs from June 2016 to August 2026, totalling 367,986 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 $3.2M, with roughly $683K 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 721 barrels a month. Its strongest month on the record we hold was June 2016, at 25,701 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 ELWOOD 16 AND 21
- Who operates ELWOOD 16 AND 21?
- ELWOOD 16 AND 21 is operated by Parsley Energy Operations, LLC, Railroad Commission of Texas operator number 642652.
- Where is ELWOOD 16 AND 21?
- ELWOOD 16 AND 21 is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 19358.
- Is ELWOOD 16 AND 21 still producing?
- ELWOOD 16 AND 21 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ELWOOD 16 AND 21 is August 2026.
- How much has ELWOOD 16 AND 21 produced?
- ELWOOD 16 AND 21 has reported 367,986 barrels of oil (bbl) to the Railroad Commission of Texas between June 2016 and August 2026, from 1 wellbore.
- How much is ELWOOD 16 AND 21 worth?
- The remaining production from ELWOOD 16 AND 21 is estimated to be worth about $3.2M in total as of 26 August 2026, within a range of $2.5M to $3.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ELWOOD 16 AND 21 is a fraction of it. The estimate fits an Arps decline curve to the production ELWOOD 16 AND 21 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ELWOOD 16 AND 21 is an estimate of value, not an offer and not an appraisal.
- How much income does ELWOOD 16 AND 21 generate in a year?
- ELWOOD 16 AND 21 is forecast to net about $683K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ELWOOD 16 AND 21 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Parsley Energy Operations, LLC |
|---|---|
| Field | Spraberry (Trend Area) R 40 Exc |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 19358 |
| Wellbores | 1 |
| Reported production | 367,986 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.2M |
Where ELWOOD 16 AND 21 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.