PRICE-BUSH ELKINS
PRICE-BUSH ELKINS is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Citation Oil & Gas Corp. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 240,112 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 $3.1M, with roughly $750K 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 705 barrels a month, about 235 per wellbore. Its strongest month on the record we hold was April 2017, at 1,598 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 ELKINS
- Who operates PRICE-BUSH ELKINS?
- PRICE-BUSH ELKINS is operated by Citation Oil & Gas Corp., Railroad Commission of Texas operator number 154235.
- Where is PRICE-BUSH ELKINS?
- PRICE-BUSH ELKINS is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 33622.
- Is PRICE-BUSH ELKINS still producing?
- PRICE-BUSH ELKINS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRICE-BUSH ELKINS is August 2026.
- How much has PRICE-BUSH ELKINS produced?
- PRICE-BUSH ELKINS has reported 240,112 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is PRICE-BUSH ELKINS worth?
- The remaining production from PRICE-BUSH ELKINS is estimated to be worth about $3.1M in total as of 26 August 2026, within a range of $2.4M to $3.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRICE-BUSH ELKINS is a fraction of it. The estimate fits an Arps decline curve to the production PRICE-BUSH ELKINS 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 ELKINS is an estimate of value, not an offer and not an appraisal.
- How much income does PRICE-BUSH ELKINS generate in a year?
- PRICE-BUSH ELKINS is forecast to net about $750K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PRICE-BUSH ELKINS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Citation Oil & Gas Corp. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 33622 |
| Wellbores | 3 |
| Reported production | 240,112 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.1M |
Where PRICE-BUSH ELKINS 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.