PRICE-BUSH-ELKIN
PRICE-BUSH-ELKIN is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Citation Oil & Gas Corp. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 66,968 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 $1.0M, with roughly $174K 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 144 barrels a month, about 72 per wellbore. Its strongest month on the record we hold was December 2017, at 348 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 PRICE-BUSH-ELKIN
- Who operates PRICE-BUSH-ELKIN?
- PRICE-BUSH-ELKIN is operated by Citation Oil & Gas Corp., Railroad Commission of Texas operator number 154235.
- Where is PRICE-BUSH-ELKIN?
- PRICE-BUSH-ELKIN is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 20081.
- Is PRICE-BUSH-ELKIN still producing?
- PRICE-BUSH-ELKIN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRICE-BUSH-ELKIN is August 2026.
- How much has PRICE-BUSH-ELKIN produced?
- PRICE-BUSH-ELKIN has reported 66,968 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is PRICE-BUSH-ELKIN worth?
- The remaining production from PRICE-BUSH-ELKIN is estimated to be worth about $1.0M in total as of 27 August 2026, within a range of $783K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRICE-BUSH-ELKIN is a fraction of it. The estimate fits an Arps decline curve to the production PRICE-BUSH-ELKIN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRICE-BUSH-ELKIN is an estimate of value, not an offer and not an appraisal.
- How much income does PRICE-BUSH-ELKIN generate in a year?
- PRICE-BUSH-ELKIN is forecast to net about $174K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PRICE-BUSH-ELKIN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Citation Oil & Gas Corp. |
|---|---|
| Field | Midland, East (Devonian) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 20081 |
| Wellbores | 2 |
| Reported production | 66,968 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.0M |
Where PRICE-BUSH-ELKIN 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.